The measures you can take to keep those costs within budget. Explain the long-term financial impact to the organization.

Identify the costs that you can or cannot control. For the costs that you can control, discuss the measures you can take to keep those costs within budget. Explain the long-term financial impact to the organization.

 topic for this week is period costs. The period cost is necessary to support the existence of the organization itself, rather than actual delivery of a service. Period costs are matched with revenue on the basis of the period during which the cost is incurred (Baker, J. J., Baker, R.W., & Dworkin, N.R., 2017). Some examples of period cost when working in a specialty group practice are the salaries and or commissions that are paid to your employees, rent that is paid for the practice’s office or offices, travel and entertainment for work purposes such as car rental, hotel stays, and meals, not for personal pleasure, and any advertising or marketing that has been campaigned for the practice like commercials, newspaper ads, websites, radio ads, mailing or billboards, are referred to as period costs (Period costs 2022). These costs are not tied to the production of inventory for the specialty practice. Another way to look at this is to think of your