Fresh wreath corporation manufactures wreaths according to customer specifications and ships them to customers using united parcel service (ups).
which two terms below describe the cost of shipping these wreaths?

a. variable cost and product cost
b. variable cost and period cost
c. fixed cost and product cost
d. fixed cost and period cost

B. variable cost and period cost

Explanation:

The cost of shipping describes the variable cost and the period cost.

The variable cost is that cost which changes when the level of production changes. This requires indirect resources, indirect labor, and supplies from factories.

The period cost is that cost which is not capitalized plus it would be incurred with the passage of time. It involves the selling and administrative department of the income statement.

Hence, the correct option is B.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a