Answer the following questions using the information below:
For last year, Faruq Manufacturing reported the following:

-How much of the above would be considered period costs for Faruq Manufacturing?
A) $140,000
B) $390,000
C) $104,000
D) $246,000

Question

Answer the following questions using the information below:
For last year, Faruq Manufacturing reported the following:
 
-How much of the above would be considered period costs for Faruq Manufacturing?
A) $140,000 
B) $390,000 
C) $104,000 
D) $246,000

Quizplus · Accepted Answer

Period costs are expenses that are incurred during a specific period of time and are not directly related to the production of goods or services. In this case, the period costs for Faruq Manufacturing would be the $140,000 in administrative expenses.

Answer the Following Questions Using the Information Below