COST CONCEPTSTE POINTS Although living the life of a successful accountant, Norm has always dreamed of opening his own l

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Cost Conceptste Points Although Living The Life Of A Successful Accountant Norm Has Always Dreamed Of Opening His Own L 1 (32.16 KiB) Viewed 38 times

COST CONCEPTSTE POINTS Although living the life of a successful accountant, Norm has always dreamed of opening his own lemonade business (based on a recipe he perfected while a student at Notre Dame). Norm is finally ready to share his genius with the world. He has decided to leave his current job and devote his efforts to making and selling his soon-to-be famous Mule Lemonade ("The Lemonade with a Kick"). Following are certain expenditures Norm has identified in preparing his business plan Classify each cost by placing an X in the appropriate column(s). There may be more than one X applicable for any expenditure. Variable Fixed Product Description Sunk Period Opportunity Cost Cost Cost Cost Cost Cost Lemons ordered delivered weekly a and b. Fee for mixology class Norm took at Notre Dame-where the dream began c. Super Bowl commercial to introduce Mule d. Norm's current salary at his accounting firm e. Bottles and labels f. Hourly wages for drivers who deliver Mule to retailers everywhere g Mule Lemonade office manager salary h Cardboard sixpack bottle carriers