Question $1$Kevin Anderson is a sophomore at the University of Minnesota in Minneapolis.Following the most brutal winter ever recorded in the state's history, Anderson is faced with an extremely important decision: Should he drive to Miami for spring break, or should he fly?If he drives, he will leave on Saturday, stay in a roadside motel Saturday night, and arrive in Miami late Sunday evening, allowing him to enjoy five full days in Miami $($Monday through Friday$).$However, he would have to leave the following Saturday, and spend another Saturday night in a motel, to arrive back in Minneapolis late Sunday evening.If he flies, he will simply leave on Saturday morning and arrive in Miami late that night, allowing him to relax on the beach for seven full days before having to fly back to Minnesota Sunday.Dog sitter $$10/$dayAirfare and taxis $=$ $$5007$ days in MiamiNights in motels: $8$ $$80$ per dayEating: $8$ days $$25/$dayFLY$?$MIAMIGas to Miami and back $=$ $$300$;Dog sittor $$10/$daycar insurance $$800/$yearNights in motels: $8$ $$80$ per day$5$ days in MiamiEating: $8$ days $$25/$dayDRIVE$?$REQUIRED:Identify what are relevant costs and what are sunk costs?Question: $2$Beginning raw materials inventory was $$32,000.$ During the month, $$276,000$ of raw material was purchased. A count at the end of the month revealed that $$28,000$ of raw material was still present. What is the cost of direct material used?Question: $3$Direct materials used in production totaled $$280,000.$ Direct labour was $$375,000$ and factory overhead was $$180,000.$ What were total manufacturing costs incurred for the month?Question: $4$Beginning work in process was $$125,000.$ Manufacturing costs incurred for the month were $$835,000.$ There were $$200,000$ of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?Question:$5$Beginning finished goods inventory was $$130,000.$ The cost of goods manufactured for the month was $$760,000.$ And the ending finished goods inventory was $$150,000.$ What was the cost of goods sold for the month?