P18-26A Classifying period costs and product costs Lawlor, Inc. is the manufacturer of lawn care following costs while manufacturing weed trimmers: equipment. The company incurs the Shaft and handle of weed trimmer Motor of weed trimmer Factory labor for workers assembling weed trimmers Nylon thread used by the weed trimmer (not traced to the product) Glue to hold the housing together Plant janitorial wages factory equipment Depreciation Rent on plant on Sales commissions Administrative salaries Plant utilities Shipping costs to deliver finished weed trimmers to customers Requirements 1. Describe the difference between period costs and product COsts. 2. Classify Lawlor's costs as uct costs, further classify them as direct materials, direct labor, overhead. period costs or product costs. If the costs are prod- or manufacturing