Under both variable costing and absorption costing, variable and fixed selling and administrative costs are treated as period cost.
What are periods cost?
Costs that cannot be recognised on a company's balance sheet are referred to as period costs. In other words, they are recorded as an expense on the income statement in the period in which they are incurred. Period expenses are another name for period costs.
What is difference between period cost and product cost?
Product costs are only incurred when things are purchased or produced, but period costs are linked to the passage of time. This is the main distinction between product costs and period costs.
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