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Zielflug [23.3K]
3 years ago
14

Period costsSelect one:a. are used to compute product cost.b. are selling costs and administrative costs.c. can be included in o

verhead costs.d. are carried in inventory until the goods are sold.
Business
1 answer:
Shkiper50 [21]3 years ago
3 0

Answer:

The correct answer is B: are selling costs and administrative costs

Explanation:

Giving the following information:

Period costs:

a. are used to compute product costs.

b. are selling costs and administrative costs.

c. can be included in overhead costs.

d. are carried in inventory until the goods are sold.

Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. Includes costs of the corporate office, selling, marketing, and the overall administration of company business. Period costs are not attached to one particular product or the cost of inventory like product costs.

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Explanation:

Positive economic analysis is basically something that is based on actual facts and cannot be approved or disapproved through views or opinions of others.

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Rent control and federal farm programs are positive economic analysis. Its a fact.

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3 years ago
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Stells [14]

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