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The following are some of the costs incurred by a consulting firm. Salary paid to consultants Salary to office administrator Cost of general-purpose software Fee

The following are some of the costs incurred by a consulting firm.

  1. Salary paid to consultants
  2. Salary to office administrator
  3. Cost of general-purpose software
  4. Fee for attending training seminar
  5. Corporate office rent
  6. Travel to client site

Classify each cost as a product cost or a period cost.

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