Question

Period costs (Refer to Question 3 in SQ) Select all that apply. A Shipping B R&D...

Period costs (Refer to Question 3 in SQ)

 Select all that apply.
A Shipping
B R&D
C COGS
D Factory Supervisor's Monthly Salary
E Pizza oven depreciation
Business   Accounting   
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Answer #1
Period Costs are those costs which are not directly related to the production process and are recognized as an
expense in the period in which they are incurred.
The following are Period costs:
R&D costs
Factory Supervisor's Monthly Salary
Pizza Overn Depreciation
Note:Shipping Costs are part of Product costs as those are the costs which are incurred to get the goods to the Buyer's place.
Shipping costs are included in the cost of inventory and hence can't be classified as Period costs
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