Asked by Braeden Pauwels on Mar 10, 2024

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Period (nonmanufacturing) costs are classified into two categories: selling and administrative.

Period Costs

Expenses that are not directly tied to the production of goods or services, such as selling, general, and administrative expenses.

Selling

The process of exchanging a product or service for money; involves promoting and delivering goods to customers.

Administrative

Related to the activities that manage, organize, and run an organization including tasks such as budgeting, staffing, and directing resources.

  • Acknowledge the explanations of product costs and period costs, and their influence on financial documentation.
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EF
Edwards Family

Mar 10, 2024

Final Answer :
True
Explanation :
Period costs, which are not related to the manufacturing of products, are classified into two categories: selling costs and administrative costs.