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For Each Item, Identify All Applicable Cost Labels

Question 210

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For each item, identify all applicable cost labels.

Premises:
Advertising
Direct materials used
Sales salaries
Indirect factory labor
Repairs to office equipment
Factory manager's salary
Direct labor
Indirect materials
Responses:
Product Cost
Period Cost

Correct Answer:

Advertising
Direct materials used
Sales salaries
Indirect factory labor
Repairs to office equipment
Factory manager's salary
Direct labor
Indirect materials
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