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If a person obtains your credit card number by standing close enough to you to either see your credit card or hear you speak the number during a telephone call, they are
Period Cost
Expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling and administrative expenses.
Machinery Repairs
Expenditures incurred in fixing and maintaining machinery to ensure operational efficiency and extend its service life.
Product Cost
The total cost incurred to produce and prepare a product for sale, including materials, labor, and overhead expenses.
Period Cost
Costs unrelated to the direct production process, recognized as expenses in the period they happen, encompassing sales, general, and administrative expenditures.
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