SECTION 3 - Two (2) Short answer questions - Each worth 5 marks - Total 10 marks Q1. Simpson Company, which has only one product, has provided the following data concerning is mostra 0 5 Selling price $165 6 Units in beginning inventory 7 Units produced 4,300 8 Units sold 3,800 9 Units in ending inventory 500 10 Variable costs per unit: 11 Direct materials $31 12 Direct labour $43 13 Variable manufacturing overhead $S 14 Variable selling and administrative $8 15 Fixed costs: 16 Fixed manufacturing overhead $165 400 17 Fixed selling and administrative $80,200 18 19 a Calculate the unit product cost for the month under variable costing? (2 marks) 20 a Calculate the unit product cost for the month under variable costing? (2. marks) Show workings here: Type your final answer in this box: 3b. What was the operating income (loss) for the month under variable costing? (3 marks) Show workings here: 2 2 3 2 5 Type your final answer in this box: 5 Q2. Mississauga Hotel Inc. bases its budgets on guest-days. The hotel's static budget for Apat appears beh 4,300 Budgeted number of guest-days Budgeted variable overhead costs: Supplies (@$9.60 per guest-day) Laundry (@$9.40 per guest-day) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost $41.280 40.420 81,700 57,190 52030 109,220 $190,920 a What is the expected total variable overhead cost at an activity level of 5,000 guest days per month? (4 m. Show workings here: Type your final answer in this box: b. What is the expected total fixed overhead cost at an activity level of 5 500 guest days per month? (1 mark Show workings here: Type your final answer in this box