Assume that your team is going to form a company that will manufacture chocolate chip cookies. The team is responsible for preparing a list of all product components and costs necessary to make this product.
Prepare a list of all product components and costs necessary to manufacture your cookies and identify each of the product costs as direct materials, direct labor, or factory overhead. Identify each of those costs as variable, fixed, or mixed.

Assume that your team will launch a chocolate-chip cookie manufacturing company. The team is in charge of compiling a list of every material and expense needed to produce this item. a list of all the ingredients and costs involved in making your cookies. costs that are combined, fixed, and variable.

Fixed costs

Fixed costs are expenses that remain constant regardless of changes in sales or production levels. This is so because they aren't actively involved in producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.

Variable cost

Costs that fluctuate as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of manufacturing in various accounting statements.

Mixed cost

Semi-variable or semi-fixed costs are other names for mixed costs. Both fixed and variable costs are present in these charges.

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