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Sanchez
ABM 12 - A
B. Cost classified according to the timing of Semi variable Cost – include repairs,
recognition as expense monthly telephone charges, indirect
materials, indirect labor, fuel and power.
Product Cost - cost of sales, only when sold. Telephone charges, for example, are made
All manufacturing costs (direct materials, up of a service charge plus extra charges for
direct labor, and factory overhead.) extra telephones and long-distance calls.
Period Cost - selling expenses and
administrative expenses E. Cost classified by types of inventory