1. which of the following is a period cost:

a) sales commissions

b) production manager's monthly salary

c) annual depreciation on product equipment

d)all of the above are period cost because they are incurred every period

e)both b and c are period cost

2. which of the following is a fixed cost?

a)depreciation on production equipment (assume straight-line depreciation)

b) assembly worker's wages

c)sales commission (a fixed percentage of sales)

d)a and c are fixed

e) b and c are fixed