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What is period cost
Period costs are those costs which are reported as expanses of the period in question. These are cost which are not assigned to the product but are charged against revenue costs of the period in which they are incurred. All non manufacturing costs such as general and administrative expenses, selling and distribution expenses are example of period costs. In marginal costing, fixed factory overheads are treated as period costs but under absorption costing they are considered as product costs.
Adjacent extreme points differ in only one variable The first observation indicates that we can identify the extreme points of the solution space algebraically by setting zero as
identify and explain the many classification of costs for planning, control.performance evaluation and decision making.
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1. Explain the modern control methods with examples. 2. What are the reports produced for performance measurement? Demonstrate.
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question 3.5A Trial balance sheet,income statement, owner''s equity and balance sheet
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