Operating expenses are period costs,which means they must be charged as an expense during the period in which they are incurred

Question

Quizplus · Accepted Answer

Operating expenses are costs incurred in the regular operations of a business and include expenses such as rent, salaries, and utilities. These expenses must be charged as an expense during the period in which they are incurred, which means they are considered period costs rather than product costs.

Operating Expenses Are Period Costs,which Means They Must Be Charged