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The following are some of the costs incurred by a consulting firm. Classify each of these costs as being a product cost or a period
The following are some of the costs incurred by a consulting firm. Classify each of these costs as being a product cost or a period cost. Classify each cost as a product cost or a period cost. Hint: Recall that any cost item related to main line operations is a Product cost. Marketing, SG&A items are Period costs. Classify each of the following costs as a product cost or a period cost. Note: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T... Flag question: Question 1 Question 11 pts Salary paid to consultants Group of answer choices Product Period Flag question: Question 2 Question 21 pts 2. Salary to office administrator Group of answer choices Product Period Flag question: Question 3 Question 31 pts 3. Cost of general-purpose software (for general office use) Group of answer choices Product Period Flag question: Question 4 Question 41 pts 4. Fee for attending training seminar Group of answer choices Product Period Flag question: Question 5 Question 51 pts 5. Corporate office rent Group of answer choices Product Period
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