Generally, period costs are classified as either

Question

Quizplus · Accepted Answer

Period costs are costs that are not directly related to the production process and are expensed during the period in which they are incurred. These costs are typically classified as either selling expenses, which are costs incurred to market and promote the company's products, or administrative expenses, which include costs related to the general administration of the company such as office rent, salaries of administrative staff, utilities, and insurance premiums. Therefore, the correct option is C - selling expenses or administrative expenses.

Generally, Period Costs Are Classified as Either