Classification of Costs
Using the Code Letters Below, Indicate in the Space

question 13

Essay

Classification of costs
Using the code letters below, indicate in the space provided how each of the following costs should be classified in the indicated pen manufacturing company:
$\begin{array}{|l|l|}\hline \text { Code Letters } & \\\hline \mathrm{DM}=\text { Direct materials } & \mathrm{WP}=\text { Work in process } \\\hline \mathrm{DL}=\text { Direct labor } & \mathrm{FG}=\text { Finished goods } \\\hline \mathrm{MO}=\text { Manufacturing overhead } & \mathrm{PC}=\text { Period cost } \\\hline\end{array}$
Costs
______ (a) Property tax on the factory building.
______ (b) The chief financial officer's salary.
______ (c) Plastic used to manufacture pens.
______ (d) Janitors at the factory.
______ (e) Manufactured pens waiting to be sold to customers.
______ (f) Advertising logos.
______ (g) Partially completed pens.

Understand the effects of intergroup attributions and their relation to stereotypes.

Recognize and understand self-handicapping strategies and their impact on personal outcomes.

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Identify biases and errors in social cognition and group perception.

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Definitions:

Founding Team

The group of individuals who start a company, often bringing diverse skills and backgrounds to the venture.

Accelerator

An organization that provides tailored support in order to help new ventures scale and grow.

Incubator

An organization that helps early stage entrepreneurs refine ideas, build out technology, and get access to resources.

Early-Stage Entrepreneurs

Individuals in the initial phase of starting and establishing their own business, often dealing with uncertainties and limited resources.