Part I. For each of the following costs for a cup manufacturing company, indicate if the...

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Part I. For each of the following costs for a cup manufacturing company, indicate if the cost is (a) a fixed cost or variable cost and (b) a product cost or period cost. Fixed or Variable? Product or Period? Cost a. Monthly rent on the manufacturing plant. b. Plastic used to manufacture the cups. c. Assembly line workers' wages. d. Quality control specialist who tests one cup every 15 minutes. e. Sales commissions. f. Sum-of-the-years'-digits depreciation on factory equipment. g. Straight-line depreciation on accountant's office chair. h. Glue used in manufacturing cups. Part II. A managerial accounting student is confused by your answer for the glue used in manufacturing the cups. Using the space provided below, explain your answer to the managerial accounting student. Part I. For each of the following costs for a cup manufacturing company, indicate if the cost is (a) a fixed cost or variable cost and (b) a product cost or period cost. Fixed or Variable? Product or Period? Cost a. Monthly rent on the manufacturing plant. b. Plastic used to manufacture the cups. c. Assembly line workers' wages. d. Quality control specialist who tests one cup every 15 minutes. e. Sales commissions. f. Sum-of-the-years'-digits depreciation on factory equipment. g. Straight-line depreciation on accountant's office chair. h. Glue used in manufacturing cups. Part II. A managerial accounting student is confused by your answer for the glue used in manufacturing the cups. Using the space provided below, explain your answer to the managerial accounting student.