Question 5 (5.5 points) Which type of cost category would include the cost of insurance, inventory taxes and obsolescence? Stockout cost change Ordering cost Setup cost Carrying cost Question 6 (5.5 points) Iver Corp. reported the following information for the prior fiscal year. Beginning units in inventory 0 Units produced 34,020 Units sold 27,000 Direct materials cost per unit $14.00 Direct labour cost per unit $8.00 Variable overhead cost per unit $5.50 Variable selling expense per unit $4.50 Total fixed overhead cost $136,080 Total fixed selling and $41,400 administrative cost Assume that the selling price is $42 per unit. What is the Operating Income using Absorption Costing? None of those options is correct. Assume that the selling price is $42 per unit. What is the Operating Income using Absorption Costing? None of those options is correct. $92,520 $120,600 $60,930 Question 7 (5.5 points) More cost pools: seldom results in better estimates of overhead costs. always results in better estimates of overhead costs. are usually beneficial if the pattern of demand varies across resources. O results in lower estimates of total overhead costs