Which of the following best describes a period cost?
A、A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation. B
A、cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods. C
A、cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold. D
A、cost that is incurred regularly every period, eg every month or quarter
A、A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation. B
A、cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods. C
A、cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold. D
A、cost that is incurred regularly every period, eg every month or quarter
【参考答案及解析】
A period cost is charged against the sales for the period. It is not carried forward in inventory to a future period.
A period cost is charged against the sales for the period. It is not carried forward in inventory to a future period.