Which of the Following Is NOT a Period Cost

question 154

Multiple Choice

Which of the following is NOT a period cost?

• A) Depreciation of factory maintenance equipment.
• B) Salary of a clerk who handles customer billing.
• C) Insurance on a company showroom where customers can view new products.
• D) Cost of a seminar concerning tax law updates that was attended by the company's controller.

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Definitions:

Asch

Refers to Solomon Asch, known for his research on conformity and social pressure.

Milgram

Refers to Stanley Milgram, a psychologist best known for his controversial experiments on obedience to authority figures conducted in the 1960s.

Compliance

The act of conforming, acquiescing, or yielding to a request, demand, proposal, or regimen without internal agreement.

Conformity

The process of aligning one's attitudes, beliefs, and actions with the norms or standards of a group or society.