1.Our company is a manufacturer of sunglasses. Depreciation for equipment at the manufacturing facility would most likely be classified as:

a. direct materials

b. indirect materials

c. direct labor

d. indirect labor

e. other factory overhead

2.Which of the following is an example of a product cost?

a. company president's salary

b. depreciation on company cars used by sales force

c. plant janitor's wages

d. advertising expense

3.Which of the following is an example of a period cost?

a. property taxes on factory

b. depreciation on company cars used by sales force

c. plant janitor's wages

d. oil for manufacturing equipment