Problem 1 Below are listed various costs that are found in organizations. Classify each cost as either variable or fixed with respect to the volume of coods or services produced and sold by the organization. Also classify each cost as a selling and administrative cost or a product cost. Prepare your answer sheet as shown below. placing an X in the appropriate column. Cost Behavior Variable Fixed Selling and Administrative Cost Product Cost Cost Item the (1) The cost of turn signals used at GM plant. These are one of the parts installed in the steering columns assembled in the plant. (2) Interest expense on CBS's long-term debt. (3) Salespersons' commissions at Avon Products. (4) Insurance on one of Cincinnati Malacron's factory building. (5) The cost of shipping brass fittings from Gram Mfg. plant in New Hampshire to customers in California. (6) Depreciation on the bookshelves at Reston Bookstore. (7) The cost of X-ray film at the Mayo Clinic's radiology lab. (8) The cost of leasing an 800- telephone number at LL Bean. L. Bean. The monthly charge for the 800 number is independent of the number of calls taken. (9) The depreciation on the playground equipment at McDonald's outlet (10) The cost of mozzarella cheese used at Pizza Hut outlet