what is period costperiod costs are those costs


What is period cost

Period costs are those costs which are reported as expanses of the period in question. These are cost which are not assigned to the product but are charged against revenue costs of the period in which they are incurred. All non manufacturing costs such as general and administrative expenses, selling and distribution expenses are example of period costs. In marginal costing, fixed factory overheads are treated as period costs but under absorption costing they are considered as product costs. 

Request for Solution File

Ask an Expert for Answer!!
Managerial Accounting: what is period costperiod costs are those costs
Reference No:- TGS0312556

Expected delivery within 24 Hours