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Which statement describes period costs? They flow directly to the balance sheet as expenses. They pertain to costs necessary to manufacture the product. They flow

Which statement describes period costs?

They flow directly to the balance sheet as expenses.

They pertain to costs necessary to manufacture the product.

They flow directly to the current income statement as expenses.

They include direct materials, direct labor, and manufacturing overhead costs.

Can you please explain why each one is wrong or right?

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