Reference: Tech Computer Manufactures Computers in Its Plant Located in Toronto

question 113

Multiple Choice

Reference:
Tech Computer manufactures computers in its plant located in Toronto and then ships the computers directly to distributors and retailers. The company's accountant has enlisted you to classify the following company's expenses:
-Wages of factory supervisor.

• A)Fixed period cost.
• B)Variable period cost.
• C)Variable product cost.
• D)Fixed product cost.

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Definitions:

Demand

Describes the quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given moment.

Supply

The total quantity of a good or service that is available for purchase at any given price point.

Farm Products

Goods that are produced by agricultural activities; includes crops, livestock, and related commodities.

Export Demand

The desire and willingness of foreign consumers and businesses to purchase goods and services produced in another country.