Problem
Make a list of costs we all identified we would incur for our coffee cart. For each cost I want to complete the table and organize the costs by their 3 identifiers.
• Is the cost a Period or Product Cost
• Is the cost Variable, Fixed, or Mixed
• Is the cost Direct Labor, Direct Material, Manufacturing Overhead or Sales and Admin
The costs we all identified were as follows; insurance, purchase of an expresso machine, coffee grounds/beans, staff/employees, generator, Gas and electricity, permit, Advertising costs, Utilities, Legal fees, and Marketing fees.