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Question 5 Which of the following is NOT a possible classification of a single cost? Direct and fixed O Direct and variable O Indirect and fixed O Direct and product Product and period Question 6 A factor that causes costs for a business entity is known as a: Differential Cost O Cost Driver O Cost Allocation Tool O Opportunity Cost O Cost Producer Question 7 Which of the following is NOT an example of a product cost? Depreciation expense for factory equipment Indirect materials used during production Real estate taxes paid on the factory location O Advertising expenses to promote products being manufactured O Wages paid to hourly factory employees working overtime