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yes they are. My instructor gave us an example
Product or Variable or direct Materials, direct labor
Period cost fixed cost ...
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Hi the answer to this is
Simon Company
Balance Sheet
December 31, 2006
Assets
Current assets:
Cash $179,750
Accounts receivable 123,000
Supplies 3,750
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The following are costs associated with manufacturing firms, or service firms:
A. Miscellaneous materials used in production (3)
B. Salesperson’s commission in real estate firm (2)...
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