Basic Concepts For each of the following costs incurred in a manufacturing firm, indicate whether the costs are fixed (F) or variable (V) and whether they are period costs (P) or product costs (M) under full absorption costing.

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a. Advertising costs. b. Depreciation on pollution control equipment in the plant. c. Office supplies for the plant manager. d. Power to operate factory equipment. e. Commissions paid to sales personnel.