SECTION ONE: MATCHING QUESTION Instructions: Carefully read each question and answer in the spaces provided. 1. Required: For each of the following costs incurred in a manufacturing company indicate whether the costs are (a) fixed or variable and (b) product costs or period costs. ANSWER - QUESTION ONE: Cost Item Fixed Variable Product Period 0. Supplies used in factory X 1. Executive's office rental. 2. Assembly line workers' wages in the factory 3. Deprecation of the factory's machines. 4. Commissions paid to sales personnel 5. Raw materials used in production 6. Salary for the human resources manager 7. Insurance on the factory's equipment