Answer:
where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Answer:
Product Costs: (a), (e) and (f).
Period Costs: (b), (c) and (d).
Explanation:
The difference between the two types of costs is that product costs are recorded within the inventory asset, since they affect the products. While the period costs are expenses that are recorded in the income statement without affecting inventory costs.
The product costs (Inventory Costs) are:
(a) Manufacturing overhead
(e) Direct labor
(f) Direct materials
The costs of the period (Expenses) are:
(b) Selling expenses.
(c) Administrative expenses
(d) Advertising expenses
Hope this helps!
Answer:
77.48 units
Explanation:
Data provided in the questions
Annual demand = 395 units
Ordering cost = $38
Holding cost per unit per year = $5
The computation of the economic order quantity is shown below:


= 77.48 units
hence, the economic order quantity is 77.48 units
We simply applied the above formula so that approximate units could come. And it always expressed in units