ADM 2304 Lecture Notes - Lecture 3: Sunk Costs, Indirect Costs, Opportunity Cost
13 May 2017
School
Department
Course
Professor
Document Summary
There were ,000 of partially nished goods remaining in work in process inventory at the end of the month. 125 000 + 835 000 - 2000 000 e. g, raw materials inventory 25 000 + purchases of raw material 130 000. = raw materials available for use 155 000. = raw material used in production 135 000. 155 000 - 135 000 = raw material inventory ending 20 000 goods available for sale 360 000 (given) - nished goods 15 000 = cog manu. Cogs = 345 000 (given) - nished goods end of period 42 500 = 317 500 (given) > the relevant range is the range of activity within which the assumptions about variable and. Assigning costs to cost objects: direct costs. > costs that can be easily and conveniently traced to a unit of product or other cost object. > e. g, direct material an1d direct labour: indirect costs.
