EXERCISE I-15 Classification of Costs as Variable or Fixed and as Product or Period [LOI-3. Below are listed various costs that are found in organizations L. Hamburger buns in a Wendy's outlet 3. Apples processed and canned by Del Monte. 4. Shipping canned apples from a Del Monte plant to customers . 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 I0. Steering wheels installed in BMWs Classify each cost as being either sold. Also elassify each cost as either a selling and administrative cost or a product cost. Prepare your answer sheet as shown below. Place an X in the appropriate columns to show the proper each cost variable or fixed with respect to the number of units produced and classification of Period Selling and Cost Behavior Administrative) Product Cost Item Variable