Part A: (3 marks) For each item listed below, indicate in the space to the left whether the item would be considered a product cost or a period cost for a manufacturing company. Use the following code: Product cost (M) Period cost (P) Factory supervisory salaries Sales commissions Income tax expense Indirect materials used Office salaries expense Property taxes on factory buildings Part B: (5 marks) Butler Hospital wants to estimate the cost for each patient stay. It is a general health care facility offering only basic services and not specialized services such as organ transplants. Instructions: (2.5 marks each) 1. Classify each of the following costs as either direct or indirect with respect to each patient 2. Classify each of the following costs as either fixed or variable with respect to hospital costs per day. Direct Indirect Fixed Variable Electronic monitoring Meals for patients Nurses' salaries Parking maintenance Security