Which is the appropriate cost classification for production

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Problem

Russ has developed a new device that he hopes to produce and market on a large scale. Russ will rent a production space for $500 per month and production equipment for $800 per month. Russ estimates the material cost per unit will be $5 and the labour cost per unit will be $3. Advertising and promotion will cost $900 per month. He will hire workers so he can spend his time promoting the product. Get the instant assignment help. Which is the appropriate cost classification for the production space rental?

Reference no: EM133921739

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