The Following Description Appeared in the 2005 Annual Report of McCormick

Essay

The following description appeared in the 2005 annual report of McCormick & Company:
McCormick is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings and other flavors to the entire food industry. Customers range from retail outlets and food service providers to food manufacturers. Founded in 1889 and built on a culture of Multiple Management, McCormick has approximately 8,000 employees."
(McCormick & Company- 2005 Annual report)
Required: For each of the cost terms listed below, define the term and give an example of a cost that might fit into that category at McCormick & Company.
(a) Unit- level costs
(b) Product costs
(c) Direct costs
(d) Manufacturing overhead costs
(e) Period costs
(f) Batch-level costs