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Question 4: What is the difference between product cost and period cost? Which of the following costs would be considered a period cost and which
Question 4: What is the difference between product cost and period cost? Which of the following costs would be considered a period cost and which of them would be considered a product cost? Explain with reasons.
1.Manufacturing equipment depreciation
2.Property taxes on corporate headquarters
3. Direct material costs
5.Electrical costs to light the production facility
6.Sales commission
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