Hello tutor my name is Nathan and my professor assigned an optional review paper before our exam on Tuesday. Unfortunately he doesn't tell us any of the answer so I have no way to be sure if I have anything right and don't want to learn the wrong thing. Could you answer these questions so I could have a study guide. Thank you tutor

1) Absorption costing is similar to variable costing in that a) All manufacturing costs are absorbed into the inventory value. b) Both are in compliance with GAAP. c) Manufacturing overhead is viewed as part of the product cost for both methods. d) Both methods are specific ways of tracking the cost of a product. 2) Under absorption costing, if direct materials are $20,000, direct labor is $15,000, variable manufacturing overhead is $50,000, and fixed manufacturing overhead is $8,000, the total cost of goods manufactured is: a) $ 85,000 b) $ 93,000 c) $ 35,000 d) $ 70,000 3) Which of the following is not a component to Total Cash Excess (Deficit) ? a) Credit collections for sales b) Cash collected immediately when the sale is made c) Cash payments out d) Credit sales 4) The capital expenditures budget is separate from the operating expenses budget because a) Capital expenditures are budgeted as revenues instead of expenses. b) Capital expenditures are budgeted as noncurrent assets instead of expenses. c) Capital expenditures increase the contribution margin. d) Capital expenditures decrease the contribution margin. 5) If 80% of August sales should be inventory stock before August begins, and the forecasted units sold for August are 15000 units, calculate the required ending a) 8,000 b ) 15,000 C ) 12,000 d) 20,000 6) The difference in variable analysis for a service company compared to a manufacturing company is that: a) Price variance is not applicable to a service company. b) Efficiency variance is not applicable to a service company. c) Manufacturing companies have no variable overhead costs. d) There are no materials used in production in a service company. 7) Flexible budgeting uses: a) Budgeted price per unit, budgeted cost per unit, and actual volume. b) Budgeted price per unit, actual cost per unit, and actual volume. c) Budgeted price per unit, budgeted cost per unit, and budgeted volume. d) Actual price per unit, actual cost per unit, and budgeted volume