From the choices presented in the parentheses, choose the appropriate term for completing each of the following sentences:
a. Advertising expenses are usually viewed as (period, product) costs.
b. The balance sheet of a manufacturer would include an account for (cost of goods sold, work-in-process inventory).
c. Materials that are an integral part of the manufactured product are classified as (direct materials, materials inventory).
d. An example of factory overhead is (plant depreciation, sales office depreciation).
e. Implementing automatic factory robotics equipment normally (increases, decreases) the factory overhead component of product costs.
f. Direct labor costs combined with factory overhead costs are called (product, conversion) costs.
g. The wages of an assembly worker are normally considered a (period, product) cost.
h. Payments of cash or its equivalent or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses).