Identification/Problems Consider the following items: A. Tomatoes used in the manufacture of ketchup B....
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Accounting
Identification/Problems
Consider the following items:
A. Tomatoes used in the manufacture of ketchup
B. Administrative salaries of executives employed by a regional airline
C. Wages of assembly-line workers at an automobile manufacturing plant
D. Marketing expenditures of the major league baseball club
E. Commissions paid to the salespeople working for a soft drink company
F. Straight-line depreciation on manufacturing equipment owned by a computer manufacturer
G. Shipping charges incurred by office supplies retailer on out-going orders
H. Speakers used in a consumer electronics companys home-theater systems
I. Insurance costs related to a cosmetics manufacturing plant
Required: Complete the table that follows and classify each of the costs listed as (1) a product or period cost and (2) a variable or fixed cost by placing an "X" in the appropriate column.
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