Ronce Florist reports the following costs and expenses in December 2020. Delivery cost is included...
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Accounting
Ronce Florist reports the following costs and expenses in December 2020. Delivery cost is included in the pricing calculation of the prudoct.
Indirect materials $ 720
Artisans' salary 3,400
Workshop rent 1,370
CEO's salary 2,300
Office utilities 490
Transportation cost for delivery 1,900
Dried flowers 11.200
Packaging 2,440
Marketing 1,500
Office supplies 75
a. Determine the total amount of product costs.
b. Determine the total amount of period costs.
c. Observing the cost structure of Ronce Florist, what component that brings the most significant change in the product price or profit?
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