[amp_mcq option1=”cost of production” option2=”products” option3=”period” option4=”None of these” correct=”option3″]<\/p>\n
The correct answer is C. period<\/strong>.<\/p>\n Period costs are expenses that are not directly associated with the production of goods or services. They are expensed in the period in which they are incurred. Examples of period costs include administrative costs, selling costs, and research and development costs.<\/p>\n Cost of production is the total cost of producing a product or service. It includes direct materials, direct labor, and manufacturing overhead.<\/p>\n Products are the goods or services that a company produces and sells.<\/p>\n None of these is not a valid option.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”cost of production” option2=”products” option3=”period” option4=”None of these” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-54681","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n