(Selling or Administrative) Cost Product Cost Direct Indirect $ 50,000 production and sales of Cost Behavior 2,000 units Variable Fixed Direct Labor $ 118,000 $ 118,000 Advertising $ 50,000 $ 50,000 Factory supervision $ 40,000 Property taxes, factory building $ 3,500 Sales commissions $ 80,000 Insurance, factory $ 2,500 Depreciation, administrative office equipment $ 4,000 Lease cost, factory equipment $ 12,000 Indirect materials, factory $ 6.000 Depreciation factory building $ 10.000 Administrative office supplies (billing) $ 3,000 Administrative office salaries $ 60,000 Direct materials used (wood bolts, etc.) $ 94,000 Utilities, factory $ 20,000 Total Cost $ 503,000 Cost per unit (assuming 2,000 units produced and sold) Part 1: this part is based on 1-26 in your textbook and I will discuss the case when I provide the solution. Your part in this project is to do the following: 1. For each of the costs, type in the appropriate cell a. whether the cost is a variable cost or a fixed cost b. Period cost, direct product cost or indirect product cost. As you can see, the first two have been provided for you as examples. Direct labor is a variable cost and is a direct product cost