Period costs are all those expenses which are easily traceable in a product.
a) True
b) False
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Answer:
Option b - False
Explanation:
Period costs are all costs not included in product costs. Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. Therefore, period costs are listed as an expense in the accounting period in which they occurred.
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Explanation:
False
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