20 Personal Information X Ti Word | Microsoft Teams X 20 Reflection Journal - 2_Refl X 20 StartQuiz X Course Hero X + V X C myleo.rp.edu.sg/quiz/takequiz/startquiz?id=7b5fea62-b8dc-ed11-8e8a-000d3aa16ae3&moduleld=16d97822-09ca-ed11-8183-5cb901... Q Update W New Tab M Gmail YouTube 5 0 outlook MS Section A(3) Marks:3 Remaining Time: Child's Play Pte Ltd ("Child's Play") manufactures toys. 09 55 Q1: The Disappearing Ink Pen is one type of toys that Child's Play manufactures. Marks:1 Section A Which of the following statement(s) is/are true for Child's Play? 1 2 3 (You can choose more than one option) Section B Cost of special ink, production workers' salary and factory utilities form part of the cost of inventory (finished goods). 4 5 Shared overhead is the cause of the difference in product cost under Absorption and Variable Costing method. Responded Unsold Inventory would be recorded as Period Costs under Selling and Non-Manufacturing Expenses. Not Responded Period and Product costs are both important in determining Child's Play's gross profit. Q2: Which one of the following costs constitutes Child's Play's cost of goods sold given that the company adopts the Variable Costing method? Marks:1 Salary of Administrative Staff Factory Insurance Cost of materials for toys sold Advertising Expense Submit 32 Q Search O Ques 2.0 [P W ENG 9:19 pm US 2/5/2023