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Chapter 3 of textbook Do the exercise using Microsoft Word. Exercise 3-35 (Objective 1) Variable and Fixed Costs What follows are a number of resources

Chapter 3 of textbook Do the exercise using Microsoft Word. Exercise 3-35 (Objective 1) Variable and Fixed Costs What follows are a number of resources that are used by a manufacturer of futons. Assume that the output measure or cost driver is the number of futons produced. All direct labor is paid on an hourly basis, and hours worked can be easily changed by management. All other factory workers are salaried. a. Power to operate a drill (to drill holes in the wooden frames of the futons) b. Cloth to cover the futon mattress c. Salary of the factory receptionist d. Cost of food and decorations for the annual Fourth

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