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Categorize each of the following Cost Varieties by placing them within the Product Cost or Period Cost column/system. Cost Variety Product Cost Period Cost Advertising

Categorize each of the following Cost Varieties by placing them within the Product Cost or Period Cost column/system.

Cost Variety

Product Cost

Period Cost

Advertising expenses for T-shirts

Depreciation on PCs in marketing department

Fire insurance on corporate headquarters

Fire insurance on plant

Overtime premium paid assembly workers

Factory building maintenance department

Factory security guards

Property taxes paid on corporate headquarters

Salaries of public relations staff

Salary of corporate controller

Wages of engineers in quality control

Wages paid to assembly-line employees

Wages paid to employees in finished goods warehouse

Once you have divided the Cost Varieties between the Product Cost and Period Cost systems, identify each product cost within the following appropriate sections: Direct Materials, Direct Labor, or Manufacturing Overhead.

Product Cost

Direct Materials

Direct Labor

Manufacturing Overhead

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