Question

Question Content Area If selling and administrative expenses are allocated to different products, they should be reported as a a.cost of goods sold b.factory overhead cost c.period cost d.cost of goods manufactured

Answer 1

Selling and administrative expenses are period costs. They are expensed in the period incurred but not capitalized as part of the inventory.

The answer is c. Period cost

Period costs are costs that cannot be capitalized on a company's balance sheet. That is, they are expensed in the period in which they are incurred and appear on the income statement. Period costs are also known as period costs.

Other examples of period costs include marketing expenses, rents (not directly tied to manufacturing facilities), office depreciation, and indirect labor costs. Interest expense on company debt is also classified as a period expense.

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