Paragraph 2) Absorption costing categorizes product costs as Cost of Goods Sold and all other costs as period expenses. Under absorption costing indicate which costs you would expect to be included in COGS and which as a period expense, Yes NO Cost of Goods Sold: Variable and Fixed Product Costs Property tax, factory Boxes used for packaging product produced by Haas Salesman's commissions Supervisor's salary, factory Advertising costs Lubricants for production equipment Insurance, finished goods warehouse Electricity, administrative building Depreciation of production equipment Wages of workers assembling the product Salary paid to president of Haas Company Insurance, administrative building Electricity, factory Depreciation of administrative equipment Wages of workers in the administrative department Selling & AdministrativeExpenses: Variable and Fixed S&A Property tax, factory Mazes for the janitor in the factory Salesman commissions Advertising Costs Shipping costs for products sold Lubricants for production equipment Electricity factors Property tax, sammistrative building Salesman's commissions Supervisor salary factory Shipping costs for products sold Insurance finished goods warehouse TCONNECTHW010. That the instan femCONNECT