An Example of a Period Cost Is

question 180

Multiple Choice

An example of a period cost is

• A)president's salary.
• B)insurance on factory equipment.
• C)property taxes on factory building.
• D)wages of factory custodians.

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Definitions:

Board of Advisors

A group of experienced individuals selected to provide strategic advice and guidance to the management of an organization.

Liability

A financial obligation or responsibility that an individual or entity owes, which may result in the future sacrifice of economic benefits.

Control Resources

Control Resources involves the strategic management and allocation of a company’s assets, human resources, and capital to effectively support operations, maximize efficiency, and achieve organizational goals.

Sunk Costs

Past expenditures that cannot be recovered and should not affect current or future business decisions.