costing
This query is : Open
Yash Khatang
(Querist)
16 February 2017
distinguish between product cost and period cost
16 February 2017
Period costs are costs that vary according to the period and NOT according to the product. So they are not assigned to the products. They are charged as expenses in the period in which they are incurred. Best examples are fixed costs.
On the other hand, product costs are attributable directly to the product.
On the other hand, product costs are attributable directly to the product.
Yash Khatang
(Querist)
16 February 2017
ty sir😋😋
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