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  3. classify each of the costs below as either a produ

Classify each of the costs below as either a product cost or a period cost...

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Accounting

Classify each of the costs below as either a product cost or a period cost under (a) absorption costing and (b) variable costing.
\table[[\table[[Cost],[Direct materials]],Amount,Absorption Costing,Variable Costing],[$,3 F,per unit],[Direct labor,$,5,per unit,,],[Variable overhead,$,2,per unit,,],[Fixed overhead,$,250,000,per year,,],[Variable selling and administrative expenses,$,0.60,per unit,-,],[Fixed selling and administrative expenses,$,150,000,per year,,]]
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