Period costs are not related to the production of goods.

Name: Period costs are not related to the production of goods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Period costs are costs that are not directly related to the production of goods, but are expensed in the period in which they are incurred, such as selling and administrative expenses. This is in contrast to product costs, which are costs directly related to the production of goods, such as direct materials, direct labor, and manufacturing overhead.

Period Costs Are Not Related to the Production of Goods