Semester Case - Cowboy Ice Cream, Inc. Cowboy Ice Cream, Inc. (CIC) operates two divisions: (1) wholesale and (2) retail, Recall that the wholesale division orders and sells ice-cream to retailers. A third party stores the ice cream until it is sold and provides transportation of goods to customers. Currently, the retail division only operates an ice cream truck during the warmer months. CIC purchased a fully customized ice cream truck for $50,000. The truck has an estimated useful life of 5 years and a $5,000 salvage value. Identify the following costs as being direct or indirect for the individual products of CIC (sales to wholesale customers and sales to retail customers), both divisions of CIC, and for the company as a whole. (a) Individual Products (b) Two divisions (c) Company as a whole Cost object Cost Items 1. Wages of workers assigned to operate the ice cream truck 2. Supplies, such as paper and pers. used by W.T. to complete administrative duties for the business 3. W.L.'s salary to completo administrative duties for the business 4. Ice cream sold to wholesale and retail customers 5. Cost of paper goods to operate the ice cream truck 6. Depreciation on the ice cream 7. Storage and transportation fees for Ice cream sold to wholesale and retail customers 8. Gas expense to operate ice cream truck