Period costs are non-manufacturing costs that are expensed in the current reporting period. These expenses are not directly associated with the production process and include items such as administrative expenses, selling expenses, and research and development costs.

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Period Costs Are

Question 29

Multiple Choice

Period costs are:

A) manufacturing costs that are expensed in the current reporting period.
B) non-manufacturing costs that are expensed in the current reporting period.
C) costs that are allocated over several accounting periods.
D) none of the options are correct.

Correct Answer: