Exercise 1 Briefcase Co. makes premium leather briefcases. Categorize each of the following costs as either product or period and then selling general& administrative (SG&A), direct materials, direct labor, or manufacturing overhead. Prod/PerDM, DL, MO, SGA Direct/Indirect Cost Brass clasps to lock briefcase Janitorial costs - factory Janitorial costs office WD-40 used on sewing machines Utilities for factory Utilities for office String used to sew on strap Security costs factory Sales commissions paid to retailers Accountant's sala Nylon lining- interior of briefcase Rent factory Rent office Factory manager's salary Leather Depreciation office photocopier Depreciation sewing machines Sewing machine operators' wages