U trect the statement ually incurred by Barum Corporation list of costs and expens cturer of furniture, in its factory Saries for assembly line inspectors Insurance on factory machines Property taxes on the factory building Factory repairs Upholstery used in manufacturing furniture Wages paid to assembly line workers Factory machinery depreciation Glue, nails, paint, and other small parts used in production 9. Factory supervisors' salaries. 10. Wood used in manufacturing furniture Instructions dify the above items into the following categories: (a) direct materials, (b) direct labor, and (c) man ufacturing overhead 13(LO 2).C Trak Corporation incurred the following costs while manufacturing its bicycles Bicycle components $100,000 Advertising expense $45.000 Depreciation on plant 60,000 Property taxes on plant 14,000 Property taxes on store 7.500 Delivery expense 21,000 Labor costs of assembly-line workers 110.000 Sales commissions 35.000 Factory supplies used 13,000 Salaries paid to sales clerks 50,000 Instructions a. Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period costs. b. Explain the basic difference in accounting for product costs and period costs