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Machowski Corporation has provided the following partial listing of costs incurred during November:
Required:
a. What is the total amount of product cost listed above? Show your work.
b. What is the total amount of period cost listed above? Show your work.
Environmental Scanning
The process of systematically collecting information about external factors that could impact an organization's decision-making and strategic planning.
SWOT Analysis
A methodology for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with competing in business or planning a project.
Internal Sources
Funding or resources generated from within an organization, including retained earnings, sale of assets, or employee skills and knowledge.
Inadequate Employee Skills
The gap between the skills employees have and the skills required for them to effectively perform their job roles.
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