Question

Does the product cost and period cost are the same?​

Answer 1

$Product \: costs  \: are \: those \\ directly \: related \: to \: the \:  production \:  of \: a  \: product  \\ or \: service \: intended \: for \: sale.  \\ Period \: costs  \: are \: all \: other \: indirect \:  costs \\  that \: are \: incurred \: in \:  production.$