Q4: Chapter 4 4.1 A business provides only one standard service What is the value to this business of distinguishing between direct and indirect costs? Explain your answer. (3 points) 4.2 Direct costs are always variable relative to the level of output, indirect costs are always fixed. Comment on this statement, providing examples to illustrate your points. (3 points) 4.3 Research evidence shows that the direct-labour-hour basis of overhead absorption by cost units (products) is the most popular basis used in practice Is it a logical basis? Explain your answer. (3 points) Marceen- La rine au 2 5 7