Exercise 14-2 Cost classification LO C2 Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns. Product Cost Variable or Fixed Direct or Indirect 1. Factory rent 2. Needles used in stitching soccer balls 3.Leather covers for soccer balls 4. Annual flat fee paid for office security 5.Coolants for machinery 6. Wages of assembly workers 7. Thread to hold leather together