Vella Gulf Company is a manufactures and sells industrial-purpose textile covers. Required for the list of costs shown below: 1) Identify each as a product or period cost. 2) For each item, identify the cost as being direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or N/A. Use a table similar to this format to present your answers to Part 1 Description of Cost Insurance on production machinery equipment Oil and lubricants used in production machinery Salaries and commissions for sales personnel Electric and water utilities for the administrative offices Textile material used to manufacture goods sold to customers Wages for assembly line workers Wages for production supervisors Depreciation on production line equipment Office supplies in the administrative offices Insurance on delivery vehicles Product or Period Cost DM, DL, MOH, or N/A