Economics · Cost Accounting
Which of the following best describes a 'period cost'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A cost that is incurred regularly every period, e.g., every month or quarter.
- 2A cost that is identified with a unit produced during the period, and is included in the value of inven tory.
- 3A cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between period s.
- 4A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation.✓
Correct answer
A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation.
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