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Need help Classifying Costs The following is a list of costs incurred by several manufacturing companies: Classify each of the following costs as product cost

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Classifying Costs The following is a list of costs incurred by several manufacturing companies: Classify each of the following costs as product cost or period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense; Costs Classification a. Annual picnic for plant employees and their families Product costs-factory overhead cost v

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