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Case-Based Critical Thinking Questions
Case 12-1
Sheng has been asked to provide data from the Inventory database of a regional auto parts store to the store's regional manager. He has been given specific requirements to narrow the data based on the information the manager needs. Sheng will apply filters to the tables in the Inventory database to provide his manager with the requested information.
-Sheng's regional manager may ask for the same information again at a later date so Sheng would like to save one of his filters for use later. What is the best option for saving the filter?
Period Costs
Expenses that are not directly tied to the production of goods and are therefore expensed in the period they occur, such as selling and administrative expenses.
Variable Cost
Costs that vary directly with the level of production or service delivery.
Fixed Manufacturing Cost
A rephrased definition for Fixed Manufacturing Overhead; these are costs that do not change with the level of manufacturing activity, such as property taxes on a factory.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including utilities, depreciation, and salaries for management.
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