The accounting records of Younkin Corporation revealed the following selected costs: Sales commissions, $61,000; plant supervision, $215,000. and administrative expenses, $184,000. What is Younkin’s period costs total?
The accounting records of Younkin Corporation revealed the following selected costs: Sales commissions, $61,000; plant supervision, $215,000. and administrative expenses, $184,000. What is Younkin’s period costs total?
For accounting purposes, the period costs are the non-capitalized costs which mean the costs that can not be capitalized or added to the asset value in the balance sheet. These are considered periodical expenses and are shown in the income statement under the expenses head. These costs are not related to the manufacturing of products or the acquisition of assets for ex. sales commission, admin. or office expenses, office rent, advertising, marketing expenses, etc.
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