EXERCISE 2-15 Classification of Costs as Variable or Fixed and as Product or Period [L02-3, LO2-4] Below are listed various costs that are found in organizations 1. Hamburger buns in a Wendy's outlet. 2. Advertising by a dental office. 3. Apples processed and canned by Del Monte 4. Shipping canned apples from a Del Monte plant to customers 5. Insurance on a Bausch & Lomb factory producing contact lenses. 6. Insurance on IBM's corporate headquarters. 7. Salary of a supervisor overseeing production of printers at Hewlett-Packard. 8. Commissions paid to automobile salespersons. 9. Depreciation of factory lunchroom facilities at a General Electric plant 10. Steering wheels installed in BMWs Required: Clasifty ach cot as being either variable or fhed with respet to the number of units produced and sold. Also classify each cost as either a selling and administrative cost or a product cost. Pre- pare your answer sheet as shown below. Place an X in the appropriate columns to show the proper classification of each cost. Period Selling and Administrative) Cost Cost Behavior Product Cost Cost Item Variable Fixed