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The accurate solution to the query that "Marshall Corporation incurred costs for material and labor needed to manufacture its product, are examples of period costs.
Characteristic of period costs-
A period cost is any value that can not be capitalized into prepaid expenses, inventory, or constant assets. A period cost is closely related to the passage of time than with a transactional event. Since a period cost is largely usually charged to expense at once, it can more accurately be known as a period expense.
Period prices are prices that can not be capitalized on a company’s balance sheet. In different words, they may be expensed withinside the period incurred and found at the income statement.
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