EX $16-4$ Classifying costs as product or period costs

Obj. $2$

For apparel manufacturer Abercrombie & Fitch, Inc. $($ANF$),$ classify each of the following costs as either a product cost or a period cost:

a$.$ Chief financial officer's salary

b$.$ Sales commissions

c$.$ Property taxes on factory building and equipment

d$.$ Depreciation on sewing machines

e$.$ Fabric used during production

f$.$ Utility costs for office building

g$.$ Factory supervisors' salaries

h$.$ Depreciation on office equipment

i$.$ Oil used to lubricate sewing machines

j$.$ Advertising expenses

k$.$ Research and development costs

I. Repairs and maintenance costs for sewing machines

m$.$ Salaries of production quality control supervisors

n$.$ Salaries of distribution center personnel

o$.$ Travel costs of media relations employees

p$.$ Factory janitorial supplies

q$.$ Wages of sewing machine operators