Asked by
Fandom Filmsl
on Nov 18, 2024
Verified
Direct materials used
A)Product cost
B)Period cost
Direct Materials
Key substances exclusively used in the generation of specific products or execution of services.
Period Cost
Costs that are expensed in the period in which they are incurred, typically related to selling, general, and administrative activities rather than production.
- Identify and classify different types of costs in a manufacturing environment.
- Differentiate between product costs and period costs.
Verified Answer
LG
Learning Objectives
- Identify and classify different types of costs in a manufacturing environment.
- Differentiate between product costs and period costs.