Answered step by step
Verified Expert Solution
Question
1 Approved Answer
show details plz: Classification of costs, service sector. Consumer Focus is a marketing research firm that organize focus groups for consumer-product companies. Each focus group
show details plz:
Classification of costs, service sector. Consumer Focus is a marketing research firm that organize focus groups for consumer-product companies. Each focus group has eight individuals who are c $50 per session to provide comments on new products. These focus groups meet in hotels and are led: trained, independent, marketing specialist hired by Consumer Focus. Each specialist is paid a fixe: to conduct a minimum number of sessions and a per session fee of $2,000. A Consumer Focus staff member attends each session to ensure that all the logistical aspects run smoothly. Classify each cost item (A-H) as follows: Direct or indirect (D or I) costs with respect to each individual focus group. Variable or fixed (V or F) costs with respect to how the total costs of Consumer Focus change as the number of focus groups conducted changes. (If in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.) Variable or fixed (V or F) costs with respect to how the total costs of Consumer Focus change as the number of focus groups conducted changes. (If in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.) cost item Payment to individuals in each focus group to provide comments on new products Annual subscription of Consumer Focus to Consumer Reports magazine Phone calls made by Consumer Focus staff member to confirm individuals will attend a focus group session (Records of individual calls are not kept.)Retainer paid to focus group leader to conduct 20 focus groups per year on new medical products Meals provided to participants in each focus group Lease payment by Consumer Focus for corporate office Cost of tapes used to record comments made by individuals in a focus group session (These tapes are sent to the company whose products are being tested.) Gasoline costs of Consumer Focus staff for company-owned vehicles (Staff members submit monthly bills with no mileage breakdowns.) Classification of costs, service sector. Consumer Focus is a marketing research firm that organize focus groups for consumer-product companies. Each focus group has eight individuals who are c $50 per session to provide comments on new products. These focus groups meet in hotels and are led: trained, independent, marketing specialist hired by Consumer Focus. Each specialist is paid a fixe: to conduct a minimum number of sessions and a per session fee of $2,000. A Consumer Focus staff member attends each session to ensure that all the logistical aspects run smoothly. Classify each cost item (A-H) as follows: Direct or indirect (D or I) costs with respect to each individual focus group. Variable or fixed (V or F) costs with respect to how the total costs of Consumer Focus change as the number of focus groups conducted changes. (If in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.) Variable or fixed (V or F) costs with respect to how the total costs of Consumer Focus change as the number of focus groups conducted changes. (If in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.) cost item Payment to individuals in each focus group to provide comments on new products Annual subscription of Consumer Focus to Consumer Reports magazine Phone calls made by Consumer Focus staff member to confirm individuals will attend a focus group session (Records of individual calls are not kept.)Retainer paid to focus group leader to conduct 20 focus groups per year on new medical products Meals provided to participants in each focus group Lease payment by Consumer Focus for corporate office Cost of tapes used to record comments made by individuals in a focus group session (These tapes are sent to the company whose products are being tested.) Gasoline costs of Consumer Focus staff for company-owned vehicles (Staff members submit monthly bills with no mileage breakdowns.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started