Search .11 10:05 PM ccsnh.blackboard.comm 9) How would the following costs be cl

Question

Search .11 10:05 PM ccsnh.blackboard.comm 9) How would the following costs be classified (product or period) under variable costing at a retail clothing store? Cost of purchasing clothing Sales commissions Product Product Period Period Product Pcriod b. Period 10) The principal difference between variable costing and absorption costing centers on: a. whether variable manufacturing costs should be included as product costs. included as product costs. selling and administrative costs should be b. whether fixed manufacturing costs should be c. whether fixed manufacturing costs and fixed included as product costs. d. none of these. 11) Joe has a hot dog cart that he parks on the NY sidewalk and sells hotdogs during the day. The variable cost of a hot dog is $.90. The selling price of the hot dog is S2.00. The fixed cost is $3,000 per month which covers the loan for the cart and the salary Joe needs to make to live. How many hotdogs must Joe sell in one month in order to break even? a. 3,300 hot dogs b. 3,000 hot dogs c. 2,727.27 hot dogs d. 2,728 hot dogs

Explanation / Answer

9.

b. Cost of Clothes - Product, Sales commission - Period

10.

b. Whether fixed manufacturin costs should be included as product costs.

11.

Breakeven sales = c. 2727.27 hot dog

Break even sales = 3000 / (2.0 - 0.9) = 3000 / 1.1 = 2727.27 hot dog

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