Which of the Following Costs Is NOT a Period Cost

question 98

Multiple Choice

Which of the following costs is NOT a period cost?

• A)steel used in steel railings
• B)receptionist's salary
• C)depreciation on sales staff's cars
• D)sales commission

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Definitions:

Economic Units

Entities or groups, such as households, firms, or governments, that make economic decisions regarding consumption, production, and investment.

Specific Markets

Markets that are defined or specialized based on the particular goods or services they trade, such as technology markets, agricultural markets, or financial markets.

Big Picture

An overview or broad perspective of a situation or concept, emphasizing the overall scenario rather than specific details.

Economizing Problem

The issue of limited resources to meet unlimited wants, necessitating choices and prioritizations in the use of resources.