Bookkeeping

Operating expenses, like selling and administrative expenses, make up the bulk of your period costs. Examples of period costs include selling costs and administrative costs. Speaking of financial statements, it’s important that you take the time to review your financial statements on a regular basis. As an owner, you rely on their accuracy to make […]

Both of these costs are considered period costs because selling and administrative expenses are used up over the same period in which they originate. Finally, managing product and period costs will help you establish more accurate pricing levels for your products. Examples of product costs include the cost of raw materials used, depreciation on plant,