Consider each of the costs listed below.

Requirement

Identify the costs as part of total product costs under absorption costing, variable costing or both. Indicate A for absorption costing, V for variable costing, B for both, or N for neither.

Requirement Identify the costs as part of total product costs under absorption costing, variable costing or both. Indicate A for absorption costing, V for variable costing, B for both, or N for neither.

Cost	Part of total product cost under
Direct materials cost
Fixed manufacturing overhead
Fixed selling costs
Direct labor cost
Indirect labor cost
Indirect materials cost
Straight-line depreciation on manufacturing equipment
Salary of administrative staff