Identifying cost categories Following is a list of costs for a manufacturing company.

REQUIRED Assign each cost listed to the appropriate classifications. Each cost should be classified as fixed or variable cost and as product or period cost.

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a. Sales commissions. b. Depreciation, production plant c. Indirect labor ... d. Depreciation, office equipment e. Property taxes, sales office f. Rent on manufacturing equipment g. Fire insurance on production plant h. Fire insurance on finished goods inventory. i. Utilities, production plant.. j. Direct labor k. Indirect material 1. President's salary m. Direct material. n. Payroll taxes, office employees o. Payroll taxes, factory employees Product Period Fixed Variable