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Due to inflation, factory rent was adjusted two times in the past three years. Once from $ 1 2 , 0 0 0 per month

Due to inflation, factory rent was adjusted two times in the past three years.
Once from $12,000 per month to $14,000 per month, and another time from
$14,000 per month to $16,000 per month. The factory rent is:
a. mixed cost
b. variable cost
c. period cost
d. fixed cost

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