Which of the Following Statements About Period Costs Is FALSE

question 113

Multiple Choice

Which of the following statements about period costs is FALSE?

• A) Period costs refer to distribution costs and design costs.
• B) Period costs include R&D expenses, marketing costs and customer service costs.
• C) Merchandising and manufacturing firms treat period costs differently.
• D) For merchandising firms, Cost of Goods Sold is not a period cost.

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Definitions:

Research Hypothesis

A statement suggesting a potential outcome or association that a study is designed to investigate, often proposing how two variables are related.

Null Hypothesis

An assertion that there is no significant difference or relationship between specified populations, groups, or variables.

FA

A statistical method, factor analysis, used to describe variability among observed, correlated variables.

Reject

In statistical analysis, the act of not accepting a hypothesis based on the evidence from data.