I.Consider the following costs that were incurred during the current year: 1 Advertising costs of Nike. 2 Straight-line depreciation on factory machinery of Airbus Industries. 3 Wages of assembly-line personnel of Amana. 4 Delivery costs on customer shipments of Ben& Jerry's Ice Cream. 5 Newsprint consumed in printing the Manila Inquirer. 6 Plant insurance cost of Bench Inc. 7 Glass costs incurred in light-bulb manufacturing of General Electric. 8 Tire costs incurred by Subaru. 9 Sales commissions paid to the sales force of Dell Computer 10 Wood glue consumed in the manufacture of Laxamana Furniture. 11 Hourly wages of refinery security guards employed by Samsung Corp. 12 The salary of a financial vice president of Microsoft. Required: Evaluate each of the preceding and determine whether the cost is (a) product cost or a period costs, (b) variable or fixed in terms of behavior, for the product costs only, whether classified as direct material, direct labor, or manufacturing overhead. Example No. 8: Tire costs:(a)Product Cost (b) variable cost Direct Material