Basic Concepts: For each of the following costs incurred in a manufacturing operation, indicate whether the costs
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Basic Concepts: For each of the following costs incurred in a manufacturing operation, indicate whether the costs would be fixed or variable (F or V) and whether they would be period costs or product costs (P or R, respectively) under full manufacturing cost.
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a. Executive office security personnel. b. Supplies used in assembly work. c. Factory heat and air conditioning. d. Power to operate factory equipment. e. Depreciation on furniture for sales staff.
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