Cost Classification Exercise: Indicate whether the cost being asked is for a product or period cost and direct or indirect cost. Please explain your answer per number.

1. The cost of memory chips used in an i-slab
2. Factory heating costs
3. Factory equipment maintenance costs
4. Training costs for new administrative employees
5. The cost of the solder that is used in assembling the "i-slabs"
6. The travel costs of the company's salespersons
7. Salaries of factory security personnel
8. The cost of air-conditioning executive offices
9. Salaries in the department that handles billing customers
10. Depreciation on the equipment in the fitness room used only by factory workers
11. Telephone expenses incurred by factory management
12. The costs of shipping completed i-slabs to customers
13. The wages of the workers who assemble the i-slabs
14. The president's salary
15. Health insurance premium on factory personnel
16. Annual fire insurance policy on factory
17. Wages of finished goods warehouse workers