22. Which of the following is not a product cost? A. Direct labor. B. Indirect manufacturing costs. C. Direct materials. D. Manufacturing overhead E. CEO'S salary 23. A company has two products: A and B. It uses activity-based costing and prepares the following analysis showing budgeted cost and activity for each of its three activity cost pools. Bodgpod Activity Activty 90.000 200 58.400 000 800 1000 500 1500 5400 4000 Activity 3 0000 Annual production and sales level of Product A is 18.188 units, and the annual production and sales level of Product B is 31,652 units. The approximate overhead cost per unit of Product B under activity- based costing is A. $2.02 B. $5.00 C. $12.87 D. $22.40 Answer questions 24 and 25 using the following company data ,000 Unts produced Varlabla costs $$ par unt $3 per unc Direct iabor Vartable owerhead. Vartable selling and administrative.... Fxed averhead por unt $3,000 toeal 24. Product cost per unit under absorption costing is: A. $I1 B. $12 C. $14 D. $15 E. $16 25. Product cost per unit under variable costing is: A. $11 B. $12 C. $14 D. $15 E. S16