period cost |
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Definition 1
Selling and general administrative expenses identified with the accounting period in which they are incurred, and charged against sales revenue in the same period. Also called period expense.
Definition 2
Depreciation, interest, rent, and other such costs associated with the passage of time (instead of with the units of output) and treated as fixed costs.
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period cost is in the Accounting & Auditing subject.
period cost appears in the definitions of the following terms: direct costing and period expense
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