lackboard Remaining Time: 1 hour,51 minutes, 55 seconds. Question Completion Status QUESTION 1 A] Make a listing in your answer space from a to h Using the codes below, classify each item a through h as either 1- Period Cost, or 2 Product Cost Repairs to office equipment b Factory Managers Salary c Direct labor d Indirect materials e Advertising t Direct materials used 9 Sales salaries h. Indirect factory labor B] What is the distinction between product costs and period costs? Why is the dstinction important in managenial accounting? BE SPECIFIC Path p QUESTION 2 Financial accounting information and managesrial accounting information have a number of distinguishing characterislics A] For each of the characteristiks listed below, indicabe which characteristics ave more closely related to financial closely associated with managerial accounting by placing the lettorMto the lett of the hem nthe answer space, make a isting from 1 to 1o and indicate your by placing the letter -inthe spe 1 Reporting standard is relevance to the decision to be made 2. Financial statements Repots generally pertain to the business as a whole 4 Reperts generaly pertain to subunits Click Save and Submit to seve and subit, Click Save AllAnswvers to sove all aners DELL