Find the Missing Quantities

question 74

Multiple Choice

Find the missing quantities. If there is no operating loss or absolute loss, write "none."
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• A)Cost = $133 Reduced price = $127 Operating loss = $6
• B)Cost = $139 Reduced price = $127 Operating loss = $18
• C)Cost = $103 Reduced price = $91 Operating loss = $30
• D)Cost = $103 Reduced price = $91 Operating loss = none

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Definitions:

Factory Utilities

The costs associated with utilities consumed in the manufacturing process, such as electricity, water, and gas necessary for factory operations.

Product Cost

The total expenses incurred to produce and deliver a product, including direct materials, direct labor, and overhead.

Period Cost

Costs not directly associated with production, charged as expenses during the period they arise.

Product Costs

Costs directly associated with the manufacturing of products, including direct materials, direct labor, and manufacturing overhead.