QUESTION 55 The three major cost of manufacturing a product are: Marketing, selling, and administrative costs. Indirect labor, indirect materials, and fixed expenses Direct materials, direct labor, and factory overhead. Product costs, period costs, and variable costs. General, selling, and administrative costs. QUESTION 56 A promissory note: Is a short-term investment for the maker. Is a written promise to pay a specified amount of money at a certain date. Is a liability to the payee. Is another name for an installment receivable. Cannot be used in payment of an account receivable