4. The purpose of a financial feasibility study (for a business system) is: a. To examine and evaluate whether, over the period of the system's expected operation, the costs incurred in developing, implementing and operating the system will be fully covered including the required profit) by the financial benefits brought by the system's use b. To establish whether the business operational and technical objectives can be achieved by the development, implementation and maintenance of the system C. To determine the expected quality of the intended new system in terms of interface with the current business systems, security policies and efficient access to data by user management d. To determine the step-by-step approach to system implementation and changeover with the finance office preparing a Gantt chart for this purpose 5. A semi-fixed cost is best described as: a. A cost that will be incurred at zero production levels and will further increase (proportionately) as production activity increases b. A cost that will change as fixed costs rise but fall in direct proportion to contributions earned C. A cost that is fixed up to a given capacity level beyond which, remains fixed but at an increased level d. A cost that will fall in direct proportion to rises in the levels production activity (i.e. units produced) 6. A product has a selling price of 32 with unit variable costs of 18. The business is currently producing and selling 4,000 units per month, making a monthly profit of 44,000. Calculate the fixed costs. a. 10,000 b. 12,000 C. 24,000 d. 56,000 7. The opening inventory of finished goods is 600 units and it is the expected that closing inventory will be 650 units. Budgeted sales, for the period, are 3,700 units. Calculate the finished goods production requirement for the period. a. 4,750 units b. 3,800 units c. 3,750 units d. 5,000 units