3. Presented below is a list of costs and expenses usually incurred by ABC Corporation, a manufacturer of furniture, in its factory.

a. Insurance on factory machines.

b. Property taxes on the office building.

c. Factory repairs.

d. Glue, nails, paint, and other small parts used in production

e. Upholstery used in manufacturing furniture.

f. Factory machinery depreciation

g. Salaries for the night security guards for the factory building.

h. Sales commissions paid to sell Furniture