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Classify the costs as product costs or period costs

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Reference no: EM132977218

The following costs relate to a manufacturing organization:

Sales commissions                          Sales manager salary

Distribution costs                           Production supervisor

Factory rent                                    Corporate office expenses

Product components                    Supplies used in manufacturing

Direct manufacturing labor                       Plant manager salary

Problem a: Classify the costs as product costs or period costs. Also classify the costs as variable or fixed with respect to the volume of production. What inferences do you draw about the correspondence between the two concepts?

Reference no: EM132977218

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