A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,090 and is paid at the beginning of the first year. Ninety percent of the premium applies to manufacturing operations and ten percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? 
Definitions:
Active Practice
A learning technique where individuals actively engage in executing tasks or activities to improve their skills or knowledge.
Distributed Practice
A learning strategy that involves spreading out study sessions over time rather than cramming them into a short period, leading to better retention of information.
Massed Practice
A training approach where individuals are exposed to intensive practice sessions with little to no rest between, contrasting with spaced practice.
Training Objectives
Specific goals that a training program aims to achieve, including the knowledge and skills participants are expected to acquire.
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