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.
Answers: 2
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