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2
Define a Product cost and a Period cost. How do they differ?
Product cost - cost can be assigned to a specific product AND can be capitalized
Period cost - cost that cannot be assigned to a product AND therefore are not capitalized
Period cost - cost that cannot be assigned to a product AND therefore are not capitalized
Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: Accounting II
School / Univ.: UGA
City: Athens
Published: 06.07.2010