Cost of company holiday party

Salary of the director of internal auditing

Membership fees for a health club for executives

Gloves for factory machine operators

Training for accounting personnel on use of microcomputer

Salary of secretary to vice president of finance

Bonuses paid to salespersons

Insurance on factory building

Cost of a radio commercial

Oil lubricants for factory plant and equipment

Bandages for the emergency room of a hospital

Steel for a construction contractor

Telephone cable for a telephone company

Depreciation on factory equipment

Wages of checkout clerk in companyowned retail outlet

Product cost $-$ direct materials

Product cost $-$ direct labor

Product cost $-$ factory overhead

Period cost $-$ selling expense

Period cost $-$ administrative expense