period cost
product cost
Product cost
It is period cost
Indirect labor is considered a period cost because it can't be traced by to the product. If a cost can be traced back to a product, then it is considered a product cost.
Should typically be a product cost.
product cost
Product cost
Product cost
It is period cost
The impact is to increase expenses and therefore reduce net income. Is this a cost account ing class?
Indirect labor is considered a period cost because it can't be traced by to the product. If a cost can be traced back to a product, then it is considered a product cost.
Should typically be a product cost.
Period Cost: It is that cost which must be incurred by the company no matter it produce any product or not. Product cost: Product cost is that cost which is necessary to produce any production units to earn revenue.
Product cost appear on the income statement as cost of goods sold and on the balance sheet as inventory.
period cost
Period cost
no...product cost