Asked by Emily Treadaway on May 07, 2024
Verified
Advertising expense
A) Product
B) Period
Advertising Expense
The cost incurred by a business to promote its products, services, or brand through various media channels.
- Differentiate between manufacturing costs and expenses related to selling and administration.
Verified Answer
LA
Luis Angel RiveraMay 09, 2024
Final Answer :
B
Explanation :
Advertising expense is a period cost as it is expensed in the period in which the advertising activity takes place and is not directly associated with the production of a specific product.
Learning Objectives
- Differentiate between manufacturing costs and expenses related to selling and administration.