Classify each of the following costs as inventoriable (I) or period (P) and indicate whether the cost is a variable cost (V) or a fixed cost (F).

Description a Direct materials b Depreciation on corporate jet for sales force e Lubricants for factory machinery d Sales commissions at 5% of sales e Factory insurance f Product brochures g Factory utilities h President's salary i Employer paid health insurance premiums on direct labor personnel Inventoriable or Period Variable or Fixed