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Question 1 Identify the following as a fixed or variable cost for Ken & Larry's ice cream company. Advertising Fixed Variable Milk for making ice

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1

Identify the following as a fixed or variable cost for Ken & Larry's ice cream company.

Advertising

Fixed

Variable

Milk for making ice cream

Fixed

Variable

Research & development on new flavors

Fixed

Variable

Chocolate and other flavorings

Fixed

Variable

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