Exercise 14-6 (Algo) Classifying product and period costs LO C2 A car manufacturer incurs the following costs. Classify each cost as either a product or period cost. If a product cost, classify it as direct materials, direct labor, or factory overhead. If a period cost, classify it as a selling expense or a general and administrative expense. Place an "X" in the correct column for each cost. (Leave no cell blank. If there is no effect select "No") Product Costs Direct Materials Patio Costa General Selling Administrative Expense Expense Factory Overhead Diet Labor 1. Advertising 2. Salesperson smartphone costs 3. Property taxes on factory building 4 Insurance on office building 5 Wages to assembly workers 6. Salesperson commissions 7 Steel for cars 8 Depreciation on office equipment 9 Salesperson travel costo 10. Steering wheels used in cars