What is a Product Cost vs. Period Cost?

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Hey Students! In this video today, we use an easy example of a car factory to show you how Product Costs and Period Costs work in Managerial Accounting. See how we calculate product costs and how materials, labor and overhead work. Product Costs are what make up a product. What about the other costs such as Period Costs? Learn more about selling and admin costs. Find out how in this engaging video. Take a look!
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Comment Below if you have any questions!

[@jeraldenalimento8280]

THANKYOUUUUUUUUUUUUU UR SUCH A BLESSING ON DISGUISE

[@talifhanimulaudzi8673]

thank you sir well explained

[@ilovebash]

Very helpful, thank you!!

[@nobinpradhan9235]

Using the simplest possible language, a vital concept has been explained.Well done!!

[@fedoraazalia]

Sir, what about salaries of personnel who work in the finished goods warehouse? is product cost or period cost?

[@VyNguyen-ne9kb]

Can you help me with this? I want to know that " Salary of plant manager" belongs to product cost or period cost? and can it be classified by "direct labor" or not? Thank you

[@Accountinguniv]

Salary of Plant Manager is a Product Cost. Considered an indirect cost (overhead).

[@shojibacolor7196]

@@Accountinguniv i dont understand how is that a product cost . Can you explain a little sir

[@orcpeon4520]

you made this so easy to understand

[@fundraisingcommittee3933]

Ikr.... Accounts seem way easier to understand

[@loredragon7473]

Well explained!

[@peterjohnbelaco136]

thank you for this video.👍

[@thejkrew3408]

thank you so much for this videio. truly helpful!

[@kuniyazu]

great teacher

[@سامحسيد-ص8ج]

Mr is period cost add to costs of products to price it properly

[@hemantbhatia7013]

Period cost means
(a) fixed cost (b) total cost (c)variables cost (d) prime cost

[@unnatiacharya7419]

hemant bhatia (a)

[@realking4918]

c

[@DileepKumar-ik5ep]

b

[@chrisnew1494]

a

[@pamelaremandaban73]

Thank you :)

[@geloschannel3823]

thank u truly help

[@danvithana95]

Tyrion Lannister?

[@Accountinguniv]

Yes! haha nailed it.

[@mairyncanela7562]

Perfection!!! thanks a lot. What a great job.