Question :(MCO): (marks) For each of the following Multiple-Choice Questions (MCQ) circle the most suitable answer for each of the following questions, half mark each 1. Food Manufacturing Company, the cost of the insurance on its vehicles that deliver foods to customers is best described as a a prime cost. b. manufacturing overhead cost. c. period cost. d. differential (incremental) cost of a food, 2. The linear equation Ya+bX is often used to express cost formulas. In this equation: A. The term represents variable cost per unit of activity, B. The term represents variable cost in total. C. The X term represents total cost. D. The X term represents total fixed cost. 3. When a decision is made among a number of alternatives, the benefit that is lost by choosing one alternative over another is the: a realized cost. b. opportunity cost. c. conversion cost. d. accrued cost