Each of the Following Items Pertains to One of These

question 224

Essay

Each of the following items pertains to one of these companies: Bedell Electronics (a manufacturing company),Gregory Food Retailers (a merchandising company),and Larson Real Estate (a service sector company).Classify each item as either inventoriable (I)costs or period (P)costs.
$\begin{array} { |l|l|l| }\hline && \text { Inventoriable (I) costs }\\&&\text { or period }(P) \text { costs }\\\hline a.&\text { Salary of Bedell Electronics president }&\\\hline b.&\text { Depreciation on Bedell Electronics assembly }&\\&\text { equipment }\\\hline c.&\text { Salaries of Bedell's assembly line workers }&\\\hline d.&\text { Purchase of frozen food for sale to customers by}&\\&\text {Gregory Food Retailers }\\\hline e.&\text {Salaries of frozen food personnel at Gregory Food }&\\&\text {Retailing }\\\hline f.&\text {Depreciation on freezers at Gregory Food Retailing }&\\\hline g.&\text { Salary of a receptionist at Larson Real Estate}&\\\hline h.&\text { Depreciation on a computer at Larson Real Estate}&\\\hline i .&\text { Salary of a real estate agent at Larson Real Estate}&\\\hline\end{array}$

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Definitions:

Recency Bias

is the tendency to weigh recent events more heavily than older ones when making decisions or evaluations.

Individual's Performance

The level of productivity and efficiency demonstrated by an individual in executing their tasks or responsibilities.

Latest Behaviours

The most recent patterns of action or conduct observed within individuals or groups.

Fringe Benefits

Additional benefits, beyond a salary or wage, offered by employers to employees, such as health insurance, retirement plans, and paid time off.