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Basic Question 3 of 24
Which one of the following items is a period cost?
B. Rent on a sales office
C. Sales commission expenses
D. Freight-in costs for merchandise inventory
A. Warranty cost for products sold
B. Rent on a sales office
C. Sales commission expenses
D. Freight-in costs for merchandise inventory
User Contributed Comments 4
| User | Comment |
|---|---|
| kalps | Cannot be asscoiated with particular sale, it is shown in the period benfitted |
| rocyang | overhead |
| johntan1979 | The opposite of product cost |
| EEEEvia | I thought the rent is liability |
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Barnes
Learning Outcome Statements
describe general principles of expense recognition, specific expense recognition applications, implications of expense recognition choices for financial analysis and contrast costs that are capitalized versus those that are expensed in the period in which they are incurred
CFA® 2024 Level I Curriculum, Volume 2, Module 2.