In a Manufacturing Company,administrative Costs Are Included in Period Costs

question 122

True/False

In a manufacturing company,administrative costs are included in period costs.

---

Definitions:

Automated Production

The use of automation technologies to perform manufacturing tasks and processes, reducing the need for human labor and increasing efficiency.

Raw Materials

Basic materials and substances that are processed or refined to manufacture goods, products, or provide services.

Remanufacturing

The process of rebuilding a product to specifications of the original manufactured product using a combination of reused, repaired, and new parts.

Flexible Manufacturing

A production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured.