47) ) For each of the following, indicate whether the statement reflects management accounting (MA) or financial accounting (FA). Annual reports must be audited by certified public accountants. Helps investors and creditors make decisions. Helps in planning and controlling operations. Provides information that affects employee behavior Are prepared using GAAP. 48) Indicate whether each of the following costs is a product cost or a period cost. A) B) C) D) E) F) G) H) direct materials used factory utilities salespersons' commissions salary of plant manager indirect materials used depreciation on store equipment indirect labor incurred advertising expense direct labor incurred factory machinery repairs and maintenance depreciation on factory machinery store supplies used plant insurance expired J) K) L) M)