A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,330 and is paid at the beginning of the first year. Ninety percent of the premium applies to manufacturing operations and ten percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? 2:25 TTT Product Period A) $3,330 $2,997 $1,998 B) c) D) $333 $222 $999 $111 Multiple Choice Choice A Choice B Choice C Choice D At an activity level of 9,800 machine-hours in a month, Falks Corporation's total variable production engineering cost is $888,860 and its total fixed production engineering cost is $254,430. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,900 machine-hours in a month? Assume that this level of activity is within the relevant range. (Round intermediate calculations to 2 decimal places.) Multiple Choice $115.51 $116.58 $116.40 $116.05