mentSessionLocator Sinprogress-false Classifying Costs The following is a list of costs incurred by several manufacturing companies. Classity each of the following costs as product cost or period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a seling expense or an administrative expense. Costs Classification a. Bonus for vice president of marketing b. Costs of operating a research toboratory C. Cost of unprocessed milk for a dairy d. Depreciation of factory equipment e. Entertainment expenses for sales representatives f. Factory supplies Q. First-aid nurse for factory workers h. Health insurance premiums paid for factory workers I. Hourly wages or warehouse laborers J. Lumber used by furniture manufacturer k. Maintenance costs for factory equipment 1. Microprocessors for a microcomputer manufacturer m. Packing supplies for products sold, which are insignificant to the total cost of the product n. Paper used by commercial printer o. Paper used in processing various managerial reports