The following costs were incurred in September: Prime coats during the month totaled: $79000 $120000 $62000 $40000 A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2, 700 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Option A Option B Option C Option D Electrical costs at one of Vanartsdalen Corporation's factories are listed below: Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to: $14.41 per machine-hour: $33, 832 per month $0.11 per machine-hour; $33, 957 per month $9, 35 per machine-hour; $11, 885 per month $11.30 per machine-hour; $7, 229 per month