1.The following is a list of costs that were incurred in producing a textbook. Please indicate whether each cost is: (a) a product or period cost, and (b) if it is a product cost, whether it is a direct material, direct labor, or factory overhead cost. (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) Straight-line depreciation on the printing presses used to manufacture the textbook (e) Straight-line depreciation on the office building (f) Electricity used to run the presses during the printing of the textboolk (g) Sales commissions paid to textbook representatives for each textbook sold (h) Paper on which the textbook is printed (i) Book covers used to bind the pages (j) Salaries of staff used to develop artwork for the textbook (k) Glue used to bind pages to cover (1) Salary of quality control supervisor who inspects cach textbook before it is shipped (m) Plant manager's salary (n) Maintenance supplies (o) Property taxes on the headquarters building (p) Factory supervisors' salaries (q) Travel costs of marketing executives to annual sales meeting (r) Supplies used by the Accounting Department in preparing various managerial reports (s) Fees paid to lawn service for office grounds upkeep (t) Cost for marketing at a national conference (u) Attorney fees for drafting a new lease for headquarters offices (v) License fees for use of patent for printing press, based on number of textbooks produced