1_ List 12 of MYOBs costs and indicate whether each cost is FIXED or VARIABLE and whether it is a PRODUCT or PERIOD cost.

MYOBs products are made from a combination of beeswax and coconut oil. Beeswax costs $8 per pound. Coconut oil costs $16 per pound. One pound of beeswax and pound of coconut oil can make a batch of 32 mold candles or a batch of 10 jar candles. Mold candles use one wick, while jar candles are made with three wicks each. Candle wicks cost $10 for a package of 1,000 wicks. One pound of beeswax and one pound of coconut oil can make one batch of 50 lip balms.

Both jar candles and lip balm are scented with essential oils. Essential oils cost $10 per bottle and one full bottle is used in making a batch of either product. Mold candles are unscented and do not require essential oil.

Mold candles are made using silicone molds that cost $15 each. A mold can be used to make 100 candles before it must be replaced.

The wax/coconut oil/essential oil mixture is poured into jars to make jar candles. The jars cost $1 each.

The lip balm product is poured into tubes that cost $12 for 80 tubes.

In addition to the product costs above, MYOB has two employees who each make $20 per hour. The employees each work two days per week and each shift is five hours. MYOB pays $300 per week for the booth at one Farmers Market and $200 per week for the booth at the second Farmers Market. They spend approximately $30 per week on gas to travel to the markets and $101 per week on marketing. MYOB only accepts credit cards. The credit card company charges a fee of 4% of the amount charged (the sales price). MYOB does not track any other expenses.

MYOB has noticed that customers generally buy in a product mix of 15 mold candles to 5 jar candles to 20 lip balms.