The following is a list of costs that were incurred in producing book: a. Insurance on the factory building and equipment
b. Salary of the vice president of finance
c. Hourly wages of printing press operators during production
d. Electricity used to run the presses during the printing of the Book.
e. Sales commissions paid to book representatives for each book sold
f. Paper on which the text is printed
g. Book covers used to bind the pages
h. Straight-line depreciation on an office building
i. Salaries of staff used to develop artwork for the text
j. Glue used to bind pages to cover
Instructions: With respect to the manufacture and sale of this text, classify each cost as either a product cost or a
period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead
cost. Indicate whether each period cost is a selling expense or an administrative expense.