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Wollogong Group Ltd. of New South Wales, Australia, acquired its factory building 10 years ago. For several years, the compan
none as your answer in columns 2-4. portunity costs. If you identify an item as an opportunity cost, then sel Cost Classifi
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Answer #1
Name of the Cost Predicting Cost Behavior Manufacturers Preparing Financial Statements Decision Making
Rental revenue forgone, $30,000 per year None None None Opportunity cost
Direct materials cost, $80 per unit Variable cost Direct materials Product cost None
Rental cost of warehouse, $500 per month Fixed cost None Period cost None
Rental cost of equipment, $4,000 per month Fixed cost Manufacturing overhead Product cost None
Direct labor cost, $60 per unit Variable cost Direct labor Product cost None
Depreciation of the annex space, $8,000 per year Fixed cost Manufacturing overhead Product cost Sunk cost
Advertising cost, $50,000 per year Fixed cost None Period cost None
Supervisor's salary, $3,500 per month Fixed cost Manufacturing overhead Product cost None
Electricity for machines, $1.20 per unit Variable cost Manufacturing overhead Product cost None
Shipping cost, $9 per unit Variable cost None Period cost None
Return earned on investments, $3,000 per year None None None Opportunity cost
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