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Identify whether each of the following is best described as a fixed, variable, or mixed cost with respect to product units. 1. Factory rent.

Identify whether each of the following is best described as a fixed, variable, or mixed cost with respect to product units. 1. Factory rent. 2. Taxes on factory building. 3. Hourly wages of assembly-line worker. 4. Administrative assistant wages. 5. Peanuts used in making trail mix. 6. Milk used in making ice cream. 7. Electricity used in factory building.

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