Case 5 : Cost Analysis (20 minutes) Below is a list of costs for a manufacturing firm Product Period Variable a. b. c. e. g. h. 1. j. k. 1. m. 7. Inclirect materials Direct labor Utilities, factory Rent, office equipment Sales commission Fire insurance on production plant Direct materials Depreciation, factory Employee benefit costs, office personnel Indirect labor Depreciation, office equipment Fire insurance on finished goods inventory Employee benefit costs, factory personnel Property taxes, sales, office Sales salaries Raquired: On your answer sheet copy the table above. Assign each cost listed to the appropriate classifications. Each cost should be classified as a fixed or variable costs and as a product or period cost