Please help me explain why they are the correct answers. Thank you

Question 1.Which of the costs would be classified as mixed?

Cost	5,000 units of production	7,500 units of production
A	$10,000	$15,000
B	$20,000	$20,000
C	$20,000	$25,000
D	$25,000	$37,500

A.	C only
B.	A, B, and C only
C.	C and D only
D.	A only Answer: A

Question 2: Missar Company's direct labour cost is 40 percent of its prime cost and 25 percent of its conversion cost. If manufacturing overhead was $150,000 during the month of May, the direct materials cost for the month of May was

A.	$90,000
B.	$75,000
C.	$125,000
D.	cannot be determined with the information given

Answer: B

Question 3:Barrett Industries began the month of June with a finished goods inventory of $15,000. The finished goods inventory at the end of June was $10,000 and the cost of goods sold during the month was $20,000.

The cost of goods manufactured during the month of June was:

A. $35,000.

B. $25,000.

C. $15,000.

D. $ 5,000.

Answer: C

Question 4. Fairchild Pty Ltd began April with a finished goods inventory of $25,000. The cost of goods manufactured during the month was $40,000 and the cost of goods sold during April was $50,000.

The inventory remaining in finished goods at the end of April was:

A. $35,000.

B. $25,000.

C. $20,000.

D. $15,000.

Answer: D

Questions 5 to 9 relate to the following information:

The Casual Furniture Company manufactures outdoor furniture, and incurred the following costs during the month of January:

Timber	$ 25,000
Paint	$ 5,000
Glue	$ 500
Wagesassembly personnel	$ 20,000
Wagesfactory supervisor	$ 3,500
Factory cleaner's wages	$ 2,000
Annual sales commissions	$ 10,000
Administrative staff salaries	$ 4,000
Depreciationfactory equipment	$ 3,000
Depreciationsales office equipment	$ 1,000
Utilities, insurancefactory	$ 6,000
Utilities, insurancesales office	$ 2,000
Advertising	$ 8,000
Total costs	$ 90,000

Question 5.

Calculate Prime Costs for the month of January:

A. $65,000.

B. $25,000.

C. $50,000.

D. $35,000

E. $15,000.

Answer: C

Question 6.

Calculate Manufacturing Overhead Costs for the month of January:

A. $65,000.

B. $25,000.

C. $50,000.

D. $35,000.

E. $15,000.

Answer: E

Question 7.

Calculate Conversion Costs for the month of January:

A. $65,000.

B. $25,000.

C. $50,000.

D. $35,000.

E. $15,000.

Answer: D

Question 8.

Calculate Product Costs for the month of January:

A. $65,000.

B. $25,000.

C. $50,000.

D. $35,000.

E. $15,000.

Answer: A

Question 9.

Calculate Period Costs for the month of January:

A. $65,000.

B. $25,000.

C. $50,000.

D. $35,000.

E. $15,000.

Answer: B