Managerial accounting: O Must follow generally accepted accounting principles O Provides information to aid management in planning and controlling business activities O is directed at reporting aggregate data on the company as a whole. O Provides information that is widely available to all interested parties. Which of these statements is true regarding product and period costs? O Sales commission is a product cost and factory rent is a period cost. O Factory wages are a product cost and direct material is a period cost. O Factory maintenance is a product cost and sales commission is a period cost. O Sales commission is a product cost and depreciation on factory equipment is a product cost