Janet company produces a game that sells for $17 per game.

Which of the following are period costs. Thus, $ 2.4 million is the amount of period cost. We can say that a “period” is a time when one of those three costs occurs, but we can. Janet company produces a game that sells for $17 per game.

For which one of the following industry would you recommend a process costing system? Which of the following is a period cost: And its sales were $140,000;

B) administrative expenses are period costs and are expensed as incurred. Financial management, financial accounting multiple choice questions and business finance mcqs. A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets.

Like rent, salaries, audit fee, etc. Study with quizlet and memorize flashcards containing terms like factors that cause changes in resource usage, activity usage, costs and revenues are called a. Current period expenses:the expenses of the period expense which has been incurred in the current period.

Materials requisitioned from the storeroom included rs. In managerial and cost accounting, period costs refer to costs that are not tied to or related to the production of inventory. Examples include selling, general and administrative.

Period costs are associated with the passage of time. A firm had beginning finished goods inventory of $20,000; A period cost is more closely associated with the.