14. Inc of felting rooms at a Florida resort for the annual sales conference. 15. The cost of packaging the company's product. Required: Classify the above costs as either product costs or period costs for the purpose of preparing the financial statements for the bank. EXERCISE 1-4 Fixed and Variable Cost Behavior [LOI-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,200 and the variable cost per cup of coffee served is $0.22. Required