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Three Dog Bakery - Understanding Cost Terms

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Answer Questions 1, 3 & 4.

1) To what cost objects could Three Dog Bakery trace its costs?

3) What sectors- manufacturing, merchandising, or service - does Three Dog Bakery operate in? Why are they classified this way?

4) When Wal-Mart purchased Lick'n Crunch cookies for sale in its stores, is the purchase considered a period of cost or an inventoriable cost? Why? What costs can Wal-Mart include as part of the purchase cost?

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Solution Summary

The solution provides a detailed response to the three dog bakery video case.

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1. To what cost objects could Three Dog Bakery trace its costs?

The cost objects would be those which incur the costs. For the bakery, the cost objects would relate to the operations of the firm and we could trace the costs to:

Products: Dog biscuits and treats
Departments: Sales, Marketing, Shipping, & Production
Customers: Petsmart, Target
Service: Telephone orders.

3. What sectors-manufacturing, merchandising, or service does Three Dog Bakery operate ...

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