Please provide the answer for the following questions along with your justification as to why you selected that answer for the following multiple choice questions.

QUESTIONS WITHOUT JUSTIFICATION PROVIDED WILL BE THUMBS DOWN AND REPORTED!

6. Among different types of costs associated with inventory, the costs of conformanceon- conformance with customer specifications of the features or characteristics of a product are: a. b. c. d. EOQ estimated costs. Costs of quality Purchasing costs. Carrying costs. age costs 7. In 2016 K&K Ltd produced 9,400 units and sold 9,800 units. K&K's operating income using variable costing would be a. b. c. d. e. Lower as compared to absorption costing. The same as absorption costing The same as throughput costing Higher as compared to throughput costing Higher as compared to absorption costing 8. If the number of orders per year increase for the same annual demand, the annual relevant carrying costs a. Would be higher than ordering costs. b. Would be lower than ordering costs c. Would be the same as ordering costs. d. The EOQ would be higher e. The EOQ would be lower 9. In a normal costing system and regarding the overhead allocated, the higher the denominator level, the a. b. c. d. e. higher the budgeted fixed manufacturing cost rate lower the amount of fixed manufacturing costs allocated to each unit produced. higher the favourable production-volume variance more likely actual output will exceed the denominator level. no ne of the above 10. Regardless of what type of costing system is used, what manufacturing costs must be recorded? a. b. c. d. e. Direct material, direct labour and variable overhead costs Actual direct material and actual conversion costs Direct material, direct labour and manufacturing overhead allocated. Prime costs and selling and administrative costs Variable and fixed manufacturing costs allocated