Mark an X in each row. Each row has a maximum of two Xs

Problem 2-16 (20 minutes) Note: Some of the answers below are debatable. Variable or Fixed Period (Selling) Cost Period (Adminis. trative) Cos! Cost Item Product Cost Direct Indirect 1. Depreciation, executive jet 2. | Costs of shipping finished goods to customers 3. Wood used in manufacturing furniture 4. Sales manager's salary 5. Electricity used in manufacturing furniture 6. Salary of secretary to the company president 7. | Aerosol attachment placed on a spray can produced by the company 8. Billing costs 9. Packing supplies for shipping products overseas 10. Sand used in manufacturing concrete 11. Supervisor's salary, factory 12. Executive life insurance 13. Sales commissions 14. Employee benefits, assembly line workers 15. Advertising costs 16. Property taxes on finished goods warehouses 17. Lubricants for production equipment