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Marv's Furniture and Fixtures produces seats for movie theaters. Listed below are selected cost items for the seat production. Classify each cost as either fixed or variable, and either a product or a period cost:
1. Fabric for seats.
2. Assembly labor.
3. Factory property taxes.
4. Accounting staff salaries.
5. Sales office rent.
6. Sales manager's salary.
7. Depreciation on factory equipment.
8. Sales commissions.
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Marv's Furniture and Fixtures produces seats for movie theaters. Listed below are selected cost item...
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