Asked by
shayla Kantarevic
on Nov 18, 2024
Verified
Salespersons' commissions
A)Product cost
B)Period cost
Salespersons' Commissions
This refers to the payment made to sales staff based on a percentage of the sales they generate, as a form of incentive and reward.
Product Cost
The total expenditure incurred to produce, acquire, and sell products, including direct materials, direct labor, and overhead.
Period Cost
Overheads not directly linked to production, charged as expenses in the timeframe they happen.
- Contrast the expenses incurred in producing goods with those that arise during distinct accounting periods.
Verified Answer
AB
Learning Objectives
- Contrast the expenses incurred in producing goods with those that arise during distinct accounting periods.