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QUESTIONS 1. Define: period cost, expenses, variable costs, and fixed costs. 2. Identify manufacturing cost elements. 3. Identify some use of cost classification for normal
QUESTIONS 1. Define: period cost, expenses, variable costs, and fixed costs.
2. Identify manufacturing cost elements.
3. Identify some use of cost classification for normal operation in a company.
4. Describe the importance of cost classification for decision making.
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