Classify each of the following costs for Meyers Company as a selling or general and administrative period cost or as a direct or indirect product cost by entering the dollar amount(s) in the appropriate column(s): a. Paid $60,000 in wages for employees who assemble the company's products.
b. Paid sales commissions Of $63,000.
c. Paid $24,000 in salaries for factory supervisors.
d. Paid $92,000 in salaries for executives (president and vice presidents).
e. Recorded depreciation cost of $35,000. $23,000 was depreciation on factory equipment and $12,000 was depreciation on the company headquarters building.
f. Paid $6,000 for various supplies that it used in the factory (Oil and materials used in machine maintenance).
G. Used $1 1,000 in prepaid corporate liability insurance.