Period costs and product costs are two categories of costs for a company that are incurred in producing and selling their product or service.
What are Period costs?
- Period costs are all other indirect costs that are incurred in production.
- Period costs are not assigned to one particular product or the cost of inventory like product costs.
- Therefore, period costs are listed as an expense in the accounting period in which they occurred.
- Other examples of period costs include marketing expenses, rent, office depreciation, and indirect labor.
To learn more about Period costs
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