Answer the Following Variable Costing Questions

question 53

Essay

Answer the following variable costing questions:
$$\begin{array} { | l | l | } \hline \text { Question } & \text { Variable Costing } \\\hline \text { Which costs are included as } & \\\text { product costs? } & \\\hline \text { Which costs are included as } & \\\text { period costs? } & \\\hline\end{array}$$

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Definitions:

Californios

The Hispanic residents of California, particularly those living there before it became a part of the United States.

Cattle Ranchers

Individuals or companies engaged in the raising and grazing of cattle, often for meat production, on extensive ranches.

1830s and 1840s

Decades in the 19th century characterized by significant social, political, and economic changes, including industrialization and the expansion of slavery in the United States, leading to increased tensions leading to the Civil War.

Reannexation

A term referring to the act of annexing something again or reclaiming territory that was once part of a country or jurisdiction.