WRITTEN WORK # 1 Directions: Write T if the statement is correct and F if it is not. Write your answer in your activity notebook. 1. Cost of production is a total expense incurred in processing the product. 2. Unit cost is the cost of product per piece. 3. One of the steps in learning how to determine the selling price of the processed product is making a list of the operating expenses. 4. Keeping a record of the profit and income helps the seller keep track of the business. 5. To ensure that the seller does not lose in the selling enterprise, the selling price of the food should be determined after computing all the income incurred. 6. All expenses incurred for the day like cost of ingredients, packaging materials, travel expenses and others should be recorded. 7. A monthly inventory of the product sold is important. 8. Profit means expenses. 9. Cost means profit. 10. Production cost is very important. MERITTEN WORK# 2 ht orresponds to the correct answer

Answer is:
1.T
2.T
3.T
4.F
5.F
6.T
7.F
8.F
9.F
10.T​