Classify each of the following costs as inventoriable (I) or period (P) and indicate whether the cost
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Classify each of the following costs as inventoriable (I) or period (P) and indicate whether the cost is a variable cost (V) or a fixed cost (F).
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Description a Direct materials b Depreciation on corporate jet for sales force e Lubricants for factory machinery d Sales commissions at 5% of sales e Factory insurance f Product brochures g Factory utilities h President's salary i Employer paid health insurance premiums on direct labor personnel Inventoriable or Period Variable or Fixed Description a Direct materials b Depreciation on corporate jet for sales force e Lubricants for factory machinery d Sales commissions at 5% of sales e Factory insurance f Product brochures g Factory utilities h President's salary i Employer paid health insurance premiums on direct labor personnel Inventoriable or Period Variable or Fixed
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s Inventoriable or period Variable or Fixed a DM Inventoriable Variable ... View the full answer
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