Asked by
Alejandro Chavez
on Nov 18, 2024Verified
Accountant salaries
Period Cost
Expenses not directly tied to the production of goods, thereby charged to the accounting period in which they occur.
Product Cost
Costs that are incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.
- Separately identify costs related to production from those accumulated over a given timeframe.
Verified Answer
JB
Learning Objectives
- Separately identify costs related to production from those accumulated over a given timeframe.