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NSTRUCTIONS For each of the following costs incurred in a manufacturing firm, indicate whether the costs are most likely fixed (F) or variable (V) and
NSTRUCTIONS For each of the following costs incurred in a manufacturing firm, indicate whether the costs are most likely fixed (F) or variable (V) and whether they are most likely period costs (P) or product costs. Fixed Variable Product Period Cost Electricity used in the factory Cafeteria costs Shop foreman's salary Depreciation on the office building Sales commissions
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