Final answer:
To assist Rowe LLC's management, we need to create a detailed table including total cost, marginal cost, average cost, variable cost, and average variable cost. Visual representations such as bar or pie charts are then used to illustrate the breakdown of product and period costs, as well as detailed categories like direct materials, labor, overhead, and selling/administrative expenses.
Step-by-step explanation:
To provide management with the requested analyses, we first need to create a table that displays the company's output in relation to various cost measures including total cost, marginal cost, average cost, variable cost, and average variable cost.
This is essential for understanding the cost structure of Rowe LLC. According to your instructions, such a table would incorporate data from 'Productivity and Costs' and follow the formulas presented in the 'Production, Costs, and Industry Structure' chapter.
Visual Representation of Product and Period Costs
Using a bar chart or pie chart can effectively illustrate the amount spent on specific types of product cost charges (such as direct materials, direct labor, and factory overhead) and period cost charges (including selling expenses and administrative expenses). Such a visual will clearly show the proportion of each expense relative to the total cost, helping management analyze spending patterns.
Visual Representation of Detailed Cost Categories
An additional chart should be designed to visually present the breakdown of expenses into direct materials, direct labor, factory overhead, selling expenses, and administrative expenses. This breakdown may be displayed using a stacked bar chart or a multi-component pie chart, offering a straightforward visual differentiation between each category of expenses.