Monty is a manufacturerwith 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. {El-(bi {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. {lfcost is a period costselect "NA" in \"Direct or lndlrect" and "Prime or Conversion\" columns.) Cost description Amount Product or Period Direct or Indirect Conversion Wages for hou rly Factory workers $49,000 V V Social media marketing 13,000 V V v Canvas material 33,200 V V v Thread for sewing the bags 1,000 V V v Executive salaries 91,000 V V v Factory supervisor salaries 69,000 V V v Depreciation on factory assets 41,000 V V v Wages and commission to salespeople 48,000 V V v Utility costs for the factory 9,400 V v v