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tatuchka [14]
3 years ago
12

hich of the following statements is correct? Group of answer choices Advertising expense is a product cost Service firms do not

incur depreciation costs Human capital is an important resource for service firms, but not for other firms Cardboard packaging for the product is a product cost Sales commissions for the current month is a product cost
Business
1 answer:
Aleksandr-060686 [28]3 years ago
8 0

Answer:

Cardboard packaging for the product is a product cost

Explanation:

As we know that

There are two types of cost i.e product cost and the period cost.

The product cost is the cost which is directly related to the product i.e direct material cost, direct labor cost, etc

And, the period cost is the cost which includes the major part of the selling and admin expenses like - sales commission, advertising expense, etc

Plus, the human capital is necessary for all the firms and the depreciation is also charged in all type of business

So the cardboard packaging is the product cost

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3 years ago
The one-year interest rate over the next 10 years will be 3%, 4.5%, 6%, 7.5%, 9%, 10.5%, 13%, 14.5%, 16%, and 17.5%. Using the e
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Explanation:

interest rates on a three-year bond =(int in year1+int in year2+int in year3)/n =  (3+4.5+6)/3 =4.8%

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5 0
3 years ago
A coffee shop buys 2000 bags of their most popular coffee beans each month. The cost of ordering and receiving shipments is $12
aleksley [76]

Solution :

The optimal order quantity, EOQ = $\sqrt{\frac{2 \times \text{demand}\times \text{ordering cost}}{\text{holding cost}}}$

EOQ = $\sqrt{\frac{2 \times 2000 \times 12}{3.6}}$

        = 115.47

The expected number of orders = $\frac{\text{demand}}{EOQ}$

                                                      $=\frac{2000}{115.47}$

                                                      = 17.32

The daily demand = demand / number of working days

                               $=\frac{2000}{240}$

                              = 8.33

The time between the orders = EOQ / daily demand

                                                 $=\frac{115.47}{8.33}$

                                                  = 13.86 days

ROP  = ( Daily demand x lead time ) + safety stock

        $=(8.33 \times 8)+10$

         = 76.64

The annual holding cost = $\frac{EOQ}{2} \times \text{holding cost}$

                                         $=\frac{115.47}{2} \times 3.6$

                                         = 207.85

The annual ordering cost = $\frac{\text{demand}}{EOQ} \times \text{ordering cost}$

                                           $=\frac{2000}{115.47} \times 12$

                                           = 207.85

So the total inventory cost = annual holding cost + annual ordering cost

                                            = 207.85 + 207.85

                                            = 415.7

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