Distinguish between inventoriable costs and period costs. a. inventoriable costs include material costs and are capitalized as assets to the company until the items are sold. period costs include labor and overhead costs and are expensed as incurred. period costs are reported in the income statement within the cost of goods sold account. b. inventoriable costs are all costs of goods purchased that are resold in a subsequent period. period costs are all costs of goods purchased that are resold within the same period. c. inventoriable costs are all costs of a product that are considered as assets in the balance sheet when they are incurred and that become cost of goods sold when the product is sold. period costs are all costs in the income statement other than cost of goods sold. period costs are treated as expenses of the accounting period in which they are incurred because they are expected to not benefit future periods. d. inventoriable costs include direct manufacturing materials and direct manufacturing labor costs that are capitalized into inventory and remain on the balance sheet until sold. period costs include indirect manufacturing (or manufacturing overhead) costs and are expensed as incurred through the cost of goods sold account.
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Business, 23.06.2019 14:30, zakiyacarlton
Question 3 options: ps.55 four corners is an ibc company that sells delicious navajo tacos in the crossroads food court. part of their success can be attributed to the freshly fried indian bread that is used not only for the tacos, but also for dessert items. as demand grows the fry-bread process is becoming a bottleneck. operations management for the company is looking at two different process options to replace the highly manual process currently being used. option 1 (medium automation) would cost $175 to implement whereas option 2 (high automation) would cost $350. with option 1 the variable cost per fry bread produced would be $0.20. the variable cost for option 2 would be $0.09 per fry bread. at what volume (demand) of fry breads is the cost for the two options the same? (display your answer to two decimal places.)
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Distinguish between inventoriable costs and period costs. a. inventoriable costs include material co...
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