Following are certain accounting information. characteristics imited to presenting historical information Noeds to conform to a formal set of rules and standards. Information often includes future projections. Information prepared on a monthly, weekly, or daily basis. Tends to include only a limited amount of detail. 2. 3. -Information prepared primarily for internal users. 5. 6. Indlicate which characteristics are more closely related to (F) Financial or (M) Man information QUESTION 2 (15 minutes, 10 marks) Below are listed various costs that are found in organizations. Classify each cost as either variable or fixed with respect to the volume of goods or services produced and sold by th organization. Also classify each cost as a period cost or as a product cost. Place an X in the appropriate columns to show the proper classifications of each cost Product Opportunity Cost Behaviour VC FC Cost Cost Cost oeoon on Bo bok haes af Reo e costs of X-ray film at the Toronto General Hospital's radiology lab The cost of leasing a toll-free telephone number 3 Staples Canada. The monthly charge for the toll- ree number is independent of the number of calls aken depreciation on the playground equipment at McDonald's outiet 5 The cost of mozzarella cheese used at a Pizza Hut outlet 6 The costs of turn signal switches used at a General plant. These are one of the parts installed in he steering columns assembled at the plant 7 The salary of the manager in charge of production alespersons' commissions at Avon Products, a nsurance on one of Bombardier's factory buildings t Research in Motion that sells cosmetics door to door The costs of shipping brass fittings from Graham fanufacturing's plant in British Columbia to stomers in California