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:

Temperature

A measure of the average kinetic energy of the particles in an object or system, indicating how hot or cold the object is.

Increased

Increased refers to a situation or condition becoming larger, greater, or higher in number or amount.

X-variable

An independent variable in mathematical functions and experiments that can be changed to observe its effect on the outcome.

Y-variable

The dependent variable in an equation or a model, whose value is predicted or explained by other variables.