Asked by
Willie Scott
on Oct 11, 2024
Verified
Rent on the administrative office space is:
A) a variable cost
B) an opportunity cost
C) a period cost
D) a product cost
Period Cost
Costs that are not directly tied to the production process and are therefore expensed in the period they are incurred.
Variable Cost
Outlays that adjust according to the quantity of production or level of output.
Administrative Office
The part of an organization responsible for management and support tasks, such as finance, HR, and general administration.
- Identify and explain the assorted categories of charges tied to products and operations, encompassing costs of products, costs over periods, and costs associated with missed opportunities.
Verified Answer
M3
Learning Objectives
- Identify and explain the assorted categories of charges tied to products and operations, encompassing costs of products, costs over periods, and costs associated with missed opportunities.