QUESTION 1 [4 MARKS] Identify and explain two advantages of marginal costing over absorption costing. QUESTION 2 [8 MARKS] Identify and explain four assumptions of the economic order quantity. QUESTION 3 [10 MARKS] Bonaventure Manufacturing expects to earn P210,000 next year after taxes. Sales will be P4million. The firm manufactures a combined bookshelf and desk unit used extensively in university dormitories. These units sell for P200 each and a have variable cost per unit of P150. Bonaventure experiences a 30% tax rate. a. Determine the firms fixed costs that are expected next year. (4 marks) b. Calculate the firms break-even point in both units and pulas. (6 marks)