What question did this study set out to answer?

The aim is to evaluate whether the period cost concept is suitable for income measurement.

The Period Cost Concept for Income Measurement--Can It Be Defended?

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This article questions the validity of the period cost concept for income measurement, highlighting its implications.

The aim is to evaluate whether the period cost concept is suitable for income measurement.
Analyzed the definitions of period and product costs.
Reviewed accounting practices regarding income measurement.
Critiqued the role of fixed and variable manufacturing costs in income reporting.
Fixed manufacturing costs are generally not accepted as period costs for income measurement.
Selling and administrative costs are recognized as period costs by accounting professionals.
Concludes that the period cost vs. product cost categorization is irrelevant for accurate income measurement.

Fess et al. (1961) studied this question.

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