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Determine whether each of the following costs would be classified as product costs or period costs under a throughput-costing system. Throughput costing: Commission fees for
Determine whether each of the following costs would be classified as product costs or period costs under a throughput-costing system.
Throughput costing: Commission fees for salespersons Glue for wooden chairs-variable Fabric for T-shirts Labour costs for producing TVs Factory rent expense-fixed Factory utility costs-variable Car mileage for salespersons Administrative expenses-fixed Administrative Internet connection fees Wages-assembly lineStep by Step Solution
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