Question

product cost and period cost difference
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Answer 1

Key Takeaways

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. Overhead and sales & marketing expenses are common examples of period costs.

Answer 2

Answer:

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. Overhead and sales & marketing expenses are common examples of period costs.

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