Question: Complete the table below to describe each cost behavior as either fixed (F) or variable (V) and the type of cost as either product cost

Complete the table below to describe each cost behavior as either fixed (F) or variable (V) and the type of cost as either product cost (product) or period cost (period). Cost Behavior Type of Cost F for fixed or Product or V for variable Period (1) Depreciation on manufacturing equipment Blank 1 Blank 2 (2) Wages paid to employee involved in production Blank 3 Blank 4 (3) Salary paid to administrative assistant for company president Blank 5 Blank 6 (4) Electricity used in the production facility Blank 7 Blank 8

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