As in the previous Participation Exercise, the Khalid Company manufactures and sells Paso- the-Salsa, which is a bottled condiment used on a variety of foods. Each bottle is sold for $6. The company recently had the following costs to produce 12,000 units of its product during August: A. Rent of $5,000 on a billboard to help advertise the product B. Rent on factory and equipment of $8,000 C. Total payroll for hourly paid, factory workers $24,000 D. Tomatoes, onions, spices and bottles $18,000 E. Total payroll for salaried, administrative staff $6,000 Answer the next three questions below using the data above (along with the appropriate product cost and period cost classifications from the previous Participation Exercise).