QUESTION 1 Per unit costs are presented below for Product A and Product Baliwo levels of volume: Volume 10,000 units 12,000 units Product $62.00 $52.50 Product $35.00 $ $35.00 Which of the following are true: O a. Cost for product A is a fixed COSE, cost for product is a variable cost O b. Costs for both products are liked O L. Cost for product A is a variable cost,cast for product is a fixed cost O d. Costs for both products are variable QUESTION 2 Amanufacturing firm spent $12,000 on advertising that appeared in March's newspapers, but the firm sold only 5,000 of the 10,000 units produced in March. The firm's financial statements would show. O a. prepaid advertising of $6,000 on the March balance sheet O b. an expense of $12,000 on the March income statement O L. an increase in inventory of $6,000 O d. an expense of $6,000 on the March income statement QUESTION 3 Research and development costs to design a solar powered alarm system would be classified as a: O a. Product cost O b. Period cost O L. Manufacturing overhead cost O d. inventoriable cost QUESTION 4 Given the following July financial information for the Tay Store Manufacturing Company, what amount of cost of goods sold would be reported by the company for the month of July? $25,000 $ 4,000 $ 6,000 $3,000 $2,000 Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory General and administrative expenses Selling expenses O a $28.000 O b. $26.000 O O c. $25,000 O d. 523.000