The costs of management salaries that are not a part of the costs of providing programs or services are referred to as:
A)Period costs
B)Product costs.
C)Cost of goods sold.
D)Conversion costs.
E)None of the above.

Question

Quizplus · Accepted Answer

Management salaries are not related to the production or provision of services or products. Therefore, they are recorded as period costs in the accounting system.

The Costs of Management Salaries That Are Not a Part