Consider the following costs that were incurred during the current year: 1.Tire Cost incurred by Ford motor company 2.Sales, commissions paid to the sales force of Dell Inc. 3.Wood Glue Consumed in the manufacture of Thomasville furniture 4.Hourly Wages of Refinery Security guards employed by Exxon-Mobil Corporation 5.The salary of a financial vice president of Hewlett Packard 6.Advertising costs coca cola 7.Straight line depreciation on factory machinery of Boeing Corporation 8. Wages of Assembly line personnel of Whirlpool Corporation 9. Delivery costs on customer shipments of Ben & Jerry ice cream 10. Newsprint consumed in printing The New York Times 11. Plant insurance costs of Texas Instrument 12. Glass costs incurred in light bulb manufacturing of General Electric Required: Evaluate each of the preceding and determine whether the cost is a.) a product cost or a period cost ( b. variable or fixed in terms of behavior, and ( c. for the product costs only whether the cost is properly classified as direct labor, or manufacturing overhead. Item 1 example above Tire Cost: Product cost, variable, direct material Accounting