Exercise 14-5 (Algo) Classifying costs LO C2 Selected costs related to Apple's iPhone are listed below. Classify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses. 1. Camera component 2. Office accountant salary 3. Microphone component 4. Depreciation (straight-line) on robotic equipment used in assembly 5. Salary of chief executive officer 6. Depreciation on office equipment 7. Wages for factory equipment operators 8. Display screen