QUESTION ONE (7 marks) Magic Electronics Corporation manufactures a portable radio designed for mounting on the wall of the bathroom. The following list represents some of the different types of costs incurred in the manufacture of these radios. Required: Classify each of the items below, by placing an X in the appropriate columns for the purpose of preparing external financial statements. Each row may have two or more "X"s". Period Product Costs Factory Direct Direct Material Labour Fixed Variable Sunk 1) The assembly line worker's wages. 2) The cost of printed circuit boards used in the manufacture of radios. 3) Commissions of company salespersons. 4) Wages of plant cafeteria workers. 5) Depreciation of production equipment. 6) The cost of insurance on the office building