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the following is a list of costs that were incurred in the production and sale of large commercial airplanes: lassify 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, ra factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Costs Classification . Cost of electronic guidance system installed in the airplane cockpit Product costs-direct materials cost - Special advertising campaign in Aviation World magazine Product costs-factory overhead cos Salary of chief compliance officer of company Product costs-direct materials cost 2. Salary of chief financial officer Decals for cockpit door, the cost of which is immaterial to the cost of the final product Cost of electrical wiring throughout the airplane - 6. Cost of normal scrap from production of airplane body h. Instrument panel installed in the airplane cockpit 1. Depreciation on factory equipment J. Masks for use by painters in painting the airplane body k. Cost of paving the headquarters employee parking lot I. Turbo-charged airplane engine m. Prebuilt leather seats installed in the first-class cabin n. Human Resources Department costs for the year o. Hourly wages of employees that assemble the airplane p. Salary of the Marketing Department personnel 4. Oll to lubricate factory equipment r. Yearly cost of the maintenance contract for robotic equipment S. Hydraulic pumps used in the airplane's flight control system t. Cost of miniature replicas of the airplane used to promote and market the airplane u. Metal used for producing the airplane body v. Power used by painting equipment w. Annual bonus paid to the chief operating officer of the company X. Interior trim material used throughout the airplane cabin y. Salary of plant manager Z. Annual fee to a celebrity to promote the aircraft Feedback Check My Work 3-2. Product costs are costs associated with the product. Period costs are selling and administrative expenses.

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