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The following costs relate to a manufacturing organization: Sales commissions Sales manager salary Distribution costs Production supervisor Factory rent Corporate office expenses Product components Supplies

The following costs relate to a manufacturing organization: Sales commissions Sales manager salary Distribution costs Production supervisor Factory rent Corporate office expenses Product components Supplies used in manufacturing Direct manufacturing labor Plant manager salary Required: Classify the costs as product costs or period costs. Also classify the costs as variable or fixed with respect to the volume of production. What inferences do you draw about the correspondence between the two concepts?

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