Question 13 of 20 Buford is interested in raising money for charity by opening...
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Question of Buford is interested in raising money for charity by opening his own custom lemonade shop. Instead of buying the lemonade premixed, he plans to make his lemonade from scratch in the shop. He has questions about the reporting of the following costs and expenses, as to whether they are product costs or period costs so that he can properly identify the costs to make one eightounce cup of lemonade and then, properly price the cup of lemonade to make a profit. Identify each of the costs as either a "product" cost or a "period" cost to help Buford. Production Equipment Depreciation Shop Rent Production Facilities Production Supervisor's Salary Sales Salaries and Wages Production Equipment Repairs Direct Labor Direct Materials Used Advertising Shop Utilities Production Delivery Costs 
Question of
Buford is interested in raising money for charity by opening his own custom lemonade shop. Instead of buying the lemonade premixed,
he plans to make his lemonade from scratch in the shop. He has questions about the reporting of the following costs and expenses, as
to whether they are product costs or period costs so that he can properly identify the costs to make one eightounce cup of lemonade
and then, properly price the cup of lemonade to make a profit. Identify each of the costs as either a "product" cost or a "period" cost to
help Buford.
Production Equipment Depreciation
Shop Rent Production Facilities
Production Supervisor's Salary
Sales Salaries and Wages
Production Equipment Repairs
Direct Labor
Direct Materials Used
Advertising
Shop Utilities Production
Delivery Costs
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