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The following is a list of costs that were incurred in the production and sale of lawn mowers:

Premiums on insurance policy for factory buildings

Tires for lawns mowers

Filter for spray gun used to paint the lawn mowers

Paint used to coat the lawn mowers; the cost of which is immaterial to the coast of the final product

Plastic for outside housing of lawn mowers

Salary of vice president of marketing

Property taxes on the factory building and equipment

Cost of advertising in a national magazine

Gasoline engines used for lawn mowers

Electricity used to run the robotic machinery

Straight line depreciation on the robotic machinery used to manufacture the lawn mowers

Salary of quality control supervisor who inspect each lawn mower before it is shipped

Attorney fees for drafting a new lease for headquarters offices

Payroll taxes on hourly assembly line employees

Telephones charges for company controller's offices

Steering wheels for lawn mowers

Factory cafeteria cashier wages

Cash paid to outside firm for janitorial services for factory

Maintenance costs for new robotic equipment based on hours of usage

Cost of boxes used in packaging lawn mowers

License fees for use of patent for lawn mower blade based on the number of lawns produced

Steel used in producing the lawn mowers

Commissions paid to sales representatives based on the number of lawn mowers sold

CoursHeroTranscribedText: Instructions Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Use the following tabular headings for your answer, placing an "X" in the appropriate column: Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cost Cost Cost Cost Expense Expense

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