1.Changes in current assets and current liabilities are reported on the statement of cash flows, indirect method, in the

a.financing activities

b.separate schedule of noncash activities

c.operating activities

d.investing activities

2.Laurie Inc.'s static budget for 10,000 units of production includes $60,000 for direct materials, $44,000 for direct labor, fixed utilities costs of $5,000, and supervisor salaries of $25,000. A flexible budget for 12,000 units of production would show

a.the same cost structure in total

b.total variable costs of $159,800

c.direct materials of $60,000, direct labor of $52,800, fixed utilities of $6,000, and supervisor salaries of $25,000

d.direct materials of $72,000, direct labor of $52,800, fixed utilities of $5,000, and supervisor salaries of $25,000