(6 marks)Listed in the table below are costs found in various organizations.For each cost item indicate whether it would be a fixed or a variable cost with respect to the number of units produced or sold, and then decide whether it would be a period cost or a product cost.If it is a product cost, indicate whether it would typically be treated as direct materials, direct labour or manufacturing overhead with respect to the number of units produced.TO INDICATE YOUR ANSWER, PLEASE TYPE THE COST ITEM NUMBER AND BESIDE THAT COST ITEM NUMBER, TYPE EVERY LETTER OF THE ALPHABET THAT YOU SEE IN THE TABLE BELOW THAT IS APPLICABLE TO THAT COST ITEM NUMBER.

PRODUCT COSTS

COST ITEM

(A)

VARIABLE

(B)

FIXED

(C)

PERIOD COSTS

(D)

DIRECT

MATERIALS

(E)

DIRECT

LABOUR

(F)

MANUFACTURING OVERHEAD

1. The screen used in manufacturing a laptop computer

2. Assembly-line workers wages

3. Billing Costs

4. Executive life insurance

5. Glue used in the manufacture of running shoes

6. Rent on manufacturing equipment