Is this a (1) product or (2) period cost?For your responses, do not type words, but rather type either 1 or 2, whichever you choose, as your answer. If you answered 1 for product cost in your previous answer, indicate whether it is (3) direct materials, (4) direct labor, or (5) factory overhead. If you answered period costs in your previous answer, indicate (6) for not applicable for this question. For your responses, do not type words, but rather type either 3, 4, 5, or 6, whichever you choose, as your answer.

Cost item:

Company President's salary

Sanding machine operator wages

Wood

Depreciation of factory equipment

Factory maintenance worker salaries

Advertising expense

Depreciation of salesperson's cars

Nails used in tables (negligible quantity and dollar amount)

Property taxes on the factory (plant)

Property taxes on warehouse used to store tables after manufacturing is completed

Accountants' salaries

Factory (plant) utilities