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Question
The following cost items relate to the Henning Company. Classify each cost as a variable cost or a fixed cost by placing an X in the appropriate column. Each cost should be evaluated in terms of the volume of units of finished products produced. Also indicate with an X for each item if it is a product cost or a period cost.| Variable or fixed cost? | Product or period cost? | |||
| Cost item | Variable | Fixed | Product | Period |
| Executive salary | ||||
| Direct labor | ||||
| Direct materials | ||||
| Depreciation of factory equipment | ||||
| Indirect labor | ||||
| Delivery expense | ||||
| Television advertising | ||||
| Indirect materials | ||||
Answer
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Variable manufacturing overhead
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Match the following
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Given the Cool Pools Company data, what is net income using absorption costing?
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