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Required: Evaluate each of the following costs and determine whether the cost is (a) a product cost or a period cost, (b) variable or fixed
Required: Evaluate each of the following costs and determine whether the cost is (a) a product cost or a period cost, (b) variable or fixed in terms of behavior, and (c) for the product costs only, whether the cost is properly classified as direct material, direct labor, or manufacturing overhead. For each period cost select NA for column (c). Consider the following costs that were incurred during the current year
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