3 Mark is an engineer who has designed a telecommunications device. He is convinced that there...
3 Mark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he has decided to quit his present job and start a company to manufacture and market the device.
Rent on the administrative office space is:
a period cost
a product cost
a variable cost
an opportunity cost
4. A merchandising company typically will have a high proportion of which type of cost in its cost structure?
-
Mixed.
-
Step-variable.
-
Fixed.
-
Variable.
Homework Answers
| 3 |
| Rent on the administrative office space is a period cost. |
| Period costs are non-manufacturing costs and are expensed in the period in which they are incurred. |
| Rent on the administrative office space is a selling and administrative cost and thus a period cost. |
| Option A a period cost is correct |
| 4 |
| A merchandising company typically will have a high proportion of Variable cost in its cost structure. |
| Cost of Sales is the highest proportion of cost for a merchandising company which is a variable cost. |
| Option D Variable is correct |
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