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What is periodic cost?

Updated: 9/21/2023
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9y ago

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Periodic cost is that cost which donot related with production of units and it must be incurred no matter production is done or not like depreciation.

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Q: What is periodic cost?
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Related questions

What is the cost for Tin on the periodic table?

The periodic table has nothing to do with cost.


The periodic transfer of the cost of an intangible asset to expense?

amortization


The periodic transfer of the cost of an intangible asset to expense is referred to as?

depreciation


What is the term applied to the periodic expiration of a plant asset's cost?

Amortization


What is periodic inventory?

The system of inventory where updates are made on a periodic basis is a periodic inventory. In this type of inventory, there is no effort made to keep the records of the cost of goods sold or the inventory up-to-date.


What is The term applied to the periodic transfer of a fixed asset's cost to expense is?

Depreciation


What are cost associated with a life insurance policy?

periodic premiums, which unlike investments can't be withdrawn


What is the cost of iron in its pure form?

Iron symbol on the periodic table is Fe. The cost of pure iron is 7 dollars and 20 cents per 100 grams.


What are the two main inventory systems in cost accounting?

1 - Perpetual inventory system 2 -Periodic accounting system


Is periodic inventory system used most by companies that sell low or high volume merchandise?

high volume, low cost


How are the elements arranged?

atomic number


What is the cost of goods sold under a periodic system if beginning inventory is 500 cost of goods purchases is 200 and ending inventory is 100?

Cost of goods sold = Beginning inventory + purchases - closing balance Cost of goods sold = 500 + 200 -100 Cost of goods sold = 600 units