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All factory costs are treated as _______ while all administration costs are treated as ________.

A. Product costs, Period costs

B. Period Costs, Product costs

C. Fixed costs, Period costs

D. Period costs, fixed costs

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above