All of the Following Are Period Costs Except

question 149

Multiple Choice

All of the following are period costs except

• A)distribution expenses.
• B)direct labor expenses.
• C)marketing expenses.
• D)research and development expenses.

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Definitions:

Production Budget

A production budget is a financial plan that estimates the number of units to be produced in a given period based on forecasted sales and inventory requirements.

Direct Labor Cost

The total expense for human labor directly involved in the production of goods or services.

Dismissing Managers

Dismissing managers involves the process of formally removing a manager from their position, usually due to underperformance, misconduct, or organizational restructuring.

Budget Process

The systematic approach organizations use to estimate their future revenues and expenses, resulting in a budget which guides their financial planning.