Summary Problem 1 (book/static) Show Work Question Help * Requirements 1. Classify each of the business costs below into one of the six value chain elements 2, For a manufacturing company, identify the costs below as either an inventoriable product cost or a period cost. If it is an inventoriable product costclassify it as direct materials, direct labor, or manufacturing overhead Requirement 1. Classify each of the following business costs into one of the six value chain elements: a. Costs associated with warranties and recalls b. Cost of shipping finished goods to overseas customers c. Costs a pharmaceutical company incurs to develop new drugs d. Cost of a 30-second commercial during the SuperBowl e. Cost of making a new product prototype f. Cost of assembly labor used in the plant