Please help with 2.1 and 2.2. The second requirement for 2.2 is at the bottom of the page (hand written). Thank you!

12. What is a service? Explain how services differ from products. cost products. tangible 13. Give three examples of product cost definitions why do we need different product 4 ldentity the three cost elements that determine the cost of making a product for extern 15, How do the income statements of a man firm and a service firm dimer? CORNERSTONE XERCISES OBJECTIVE 3 Cornerstone Exere e 2.1 Product Costs Pietro Frozen Foodt Ing produces frozen pizzas. For next year, Pietro predicts that 500,000 CORNERSTONE 2.1 units will be produc th the following total costs: Direct materials Direct labor variable overhead l. Calculate the prime cost per unit. 2. Calculate the conversion cost per unit 3. Calculate the total variable cost per unit. 4. Calculate the total product (manufacturing) cost per unit. Explain the number of units increased to 55.000 and all unit variable costs stayed the same? what impact would be on the following costs: total direct materials, total direct aast total variable overhead, overhead, unit prime cost, and unit conversion what would the product cost per unit be in this case? Cornerstone Exercis 2.2 post of Goods Manufactured OBJECTIVE 4 Refer to Cornerstone Ex 2.1. For next year. Pietro predicts that 50.000 units will be produced, with the following total costs: CORNERSTONE 2.2 Direct labor 60,000 Next year, Pietro expects to purchase SI19.300 of direct materials Projected beginning and end- ing inventories for direct materials and work in process are as follows: rede Creuse Direct Materials Work-in-Process Inventory S12,500 Required 1. Prepare a statement of cost of goods manufactured in good form. a. what nvento (continued) dir the stolen e kms. Soals monyected would be effected