Monty is a manufacturer with a purpose: it creates durable, yet affordable, duffel bags with many functional pockets and accessories to encourage people of all ages to travel. In the process of making these rugged duffels, the company incurs a variety of costs, such as the following. (a)-(b) (a) Specify whether each cost is a product cost or a period cost. (b) For any costs that were determined to be product costs, identify whether the cost is a direct cost or an indirect cost and whether it is a prime cost and/or a conversion cost. (If cost is a period cost select "NA" in "Direct or Indirect" and "Prime or Conversion" columns.) Cost description Wages for hourly factory workers Social media marketing Canvas material Thread for sewing the bags Executive salaries Factory supervisor salaries Depreciation on factory assets Wages and commission to salespeople Utility costs for the factory Amount $49,000 13,000 33,200 1,000 91,000 69,000 41,000 48,000 9,400 Product or Period < < < < < > Direct or Indirect > < > < < < Conversion > < < > > >