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How do a product cost and a period cost differ?... | Filo
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Exercise 18-6: Classifying product and period costsA car manufacturer incurs the following costs. Classify each cost as either a product or period cost. If it is a product cost, classify it as direct materials, direct labor, or factory overhead. If it is a period cost, classify it as a selling expense or a general and administrative expense. Place an "X" in the correct column for each cost.Product Costs1. Direct Materials2. Direct Labor3. Factory OverheadPeriod Costs1. Selling Expense2. General
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