Q300
Period cost, which consists income statement of manufacturing companies belongs to
A.
inventory costs
B.
product costs
C.
non-manufacturing costs
AnswerD.
manufacturing costs
Answer: Option C
Solution
Answer: Option C
Solution:
Period cost, which consists income statement of manufacturing companies belongs to non-manufacturing costs. Non-manufacturing costs refer to those incurred outside the factory or production department. These are costs are not needed in transforming materials into finished goods.