Is this correct??

The President of Sales at the company you work for makes $500,000 annually. He spends several days negotiating a deal for your company, where you will be the exclusive manufacturer for a specific part that an automotive company requires. The machine used to manufacture this part will requirei hour of downtime and two employees to configure the machine before each run. The materials required for manufacturing this part are the same materials used for other parts made by your company and are in stock at the factory. As the part is manufactured, it will need to be wrapped and packed for shipping. Prior to shipping, a Quality Inspector will check 2% of the parts from each run. Identify which costs are product costs (which costs contribute to C063) and which costs are period costs. Cost: 0 The President of Sales' salary period Assistant to the President of Sales' salary period Machine configuration labor product 3 Materials for manufacturing the part product Materials for packing and shipping the part product 3 Packing and shipping labor product 0 Quality Inspector salary PrOdUCt Manufacturing plant utilities product Headquarter's internet and phone bill period