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Elaine's Bicycle Manufacturing incurred the following costs: 1. Cost of glue and staples. 2. Depreciation of factory. 3. Cost of wood to make tables. 4. Cost of insurance on the production facility. Which of these costs could be included in factory overhead? 12,4 2.4 1,2,3,4 3,4 Steel Works Inc., incurred the following costs during May: 1. Depreciation of office equipment 2. Advertising expense 3. Cost of factory maintenance 4. Utility expense of administrative offices. 5. Salary of assembly line workers 6. Salary of the president Which of these costs would be classified as period costs? O 2,3,6 O 1,2,4,6 A O 1,4,5 O 1.2, 6 An activity based costing system O is typically more easily implemented than a traditional costing system O involves more detail than traditional costing may result in more precise product costs O two of the answers are correct. Overhead allocation differs between traditional approaches and activity based costing primarily by: O the number of products sold O At least two of the answers are correct, O the price of the products sold. O the number of overhead rates used O the number of different types of materials used