Period costs are
A)charged against the revenue of the current period.
B)initially recognized on the balance sheet as inventory.
C)charged to the period in which the product generates revenue.
D)further classified as direct costs and indirect costs.

Question

Quizplus · Accepted Answer

Period costs are expenses that are not directly tied to the production process and are charged against the revenue of the current period. These include selling, general, and administrative expenses.

Period Costs Are