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Release Final Form

Release Final Form

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Instructions and help about Release Final Form

definition of what a period cost is though as boring as it is the costs relevant to that period nope no everything that's not included in the product cost that is the correct answer so it's all other costs so all other non-product costs but you did say a very true statement in fact I was about to emphasize that and you you helped me in that regard Erica's not here Victoria is when do we recognize product costs on the income statement I'm not sure we've spoken about this specifically have we Victoria scrunching your yes when it's sold see you were scrunching your face like you weren't really sure were you not really sure Alex when do we recognize period cost when they're incurred in the period incurred is how I is the phrase I would use but yes in the period incursion so we recognize product costs when sold period costs in the period incurred so they're recognized at different periods at different times in different

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