A manufacturing company prepays its insurance coverage for a three-year period.The premium for the three years is $2,100 and is paid at the beginning of the first year.Sixty percent of the premium applies to manufacturing operations and forty percent applies to selling and administrative activities.What amounts should be considered product and period costs respectively for the first year of coverage? 
Definitions:
Religious Training
Education or instruction in the beliefs, practices, and doctrines of a particular religion or faith tradition.
Health Care
Services provided by medical professionals to promote, maintain, or restore health, including preventive, diagnostic, therapeutic, and palliative interventions.
Divorce Hangover
Emotional and psychological challenges that persist after a divorce, affecting individuals' well-being and adjustment.
Unreasonable Demands
Requests or expectations from one party to another that are overly excessive and not feasible or fair under the circumstances.
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