1. Go Paint is a firm that provides home painting services. Mr. Kevin as the owner of the company is trying to find new ways to increase his income. Mr. Kevin performs the following actions out of order). a) Mr. Kevin decided to buy paint sprayers instead of hiring additional painters. b) Mr. Kevin discussed with his employees the possibility of using paint sprayers instead of hand painting to increase productivity and profits. c) Mr. Kevin finds out about a huge potential job that is about to be offered. d) Mr. Kevin compared the estimated cost of buying the sprayer with the estimated cost of hiring more hand-painted workers and estimated the benefits of the two alternatives. e) Mr. Kevin estimates that using the spray will reduce painting time by up to 20%. f) Mr. Kevin researches the price of paint sprayers online. Classify each action (a-f) according to its step in the decision-making process (Identifying problems and uncertainties; Gathering information: Making predictions of the future: Making decisions by choosing from several alternatives: Implementing decisions, evaluating performance, and studying them) 2. FTA Corp. had the following activities during 2020: Direct Material: Beginning Inventory $ 50.000 Purchase 123,000 Ending Inventory 21,000 Direct Manufacturing Labor 32,000 Manufacturing Overhead 24.000 Beginning work-in-process inventory 1,500 Ending work-in-process inventory 7,500 Beginning finished goods inventory 46,000 Ending finished goods inventory 30,000 a) What is the cost of direct materials used during 2020? b) What is the cost of goods manufactured for 2020? c) What is the cost of goods sold for 2020? d) What amount of prime costs was added to production during 20207|| e) What amount of conversion costs was added to production during 2020