Machine run costs Cost to market the product Machine depreciation Cost of storage Material handling costs Insurance costs Cost of materials Cost of product sales force Overtime expenses Engineering drawings Machine operator wages Machine labor Utility costs Cost of tooling and fixtures Support (administrative) staff salaries
Machine run costs Cost to market the product Machine depreciation Cost of storage Material handling costs Insurance costs Cost of materials Cost of product sales force Overtime expenses Engineering drawings Machine operator wages Machine labor Utility costs Cost of tooling and fixtures Support (administrative) staff salaries
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Concept explainers
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
Question
Categorize eachof the following costs as direct or indirect. Assume that atraditional costing system is in place
Transcribed Image Text:Machine run costs
Cost to market the product
Machine depreciation
Cost of storage
Material handling costs Insurance costs
Cost of materials
Cost of product sales force
Overtime expenses
Engineering drawings
Machine operator wages Machine labor
Utility costs
Cost of tooling and fixtures
Support (administrative)
staff salaries
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