Required Listed below are different costs associated with th

Required. Listed below are different costs associated with the new product decision. Choose Yes or No under each heading that helps to describe the type of cost involved. Product Cost Period (Selling and Variable Cost Fixed Cost Direct Direct Manufacturing Administrative) Cost Overhead Opportunity Sunk Cost Name of the Cost Cost Materials Labour Rental revenue forgone, $35,000 per year

Solution

Different costs with the new product decision :

			Product cost
Name of the cost	Variable cost	Fixed cost	Direct materials	Direct labour	Manufacturing overhead	Period (Selling and administrative) cost	Opportunity cost	Sunk cost
Rental revenue forgone, $35000 per year	No	No	No	No	No	No	Yes	No