CLASSIFY EACH COST AS EITHER A PRODUCT OR A PERIOD COSTR. iNDICATE WHETHER EACH PRODUCT COST IS A DIRECT MATERIALS COST, A DIRECT LABOR COST, OR FACTORY OVERHEAD COST. iNDICATE WHETHER EACH PERIOD COST IS A SELLING EXPENSE OR AN ADMINISTRATIVE EXPENSE. uSE THE FOLLOWING TABULAR HEADINGS FOR ANSWERS BY PLACING AN X IN THE APPRPRIATE COLUMNS. PRODUCT COSTS PERIOD COSTS COST DIRECT DIRECT FACTORY SELLING ADMINISTRATION MATERIAL Labor OVERHEAD EXPENSE EXPENSE