Which of the following best distinguishes an opportunity cost from an outlay cost? O Opportunity costs are recorded, whereas outlay costs are not O Outlay costs are speculative in nature, whereas opportunity costs are easily traceable to products, O Opportunity costs have very little utility in practical applications, whereas outlay costs are always relevant O Opportunity costs are sacrifices from foregone alternative uses of resources, whereas outlay costs are cash outflows Which of the following is not a name for Indirect resources? O Overhead costs Common costs Burden Direct costs O O Which of the following statements is (are) false? (1). In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports, (2). An opportunity cost is the benefit forgone by selecting one alternative over another Only () is false Only (2) is false Both (1) and (2) are false O O Neither (1) nor (2) are false. Grover Company has the following data for the production and sale of 2.000 units. $ 800 per unit 400 000 per period $200,000 per period Sales price per un Fbed costs Marketing and administrative Manufacturing overhead Variable costs Marketing and ac t ive Manufacturing overhead Direct labor Direct Materials 8888 SO 80 per un 0 per unit 200 per $ $ What is the conversion cost per unit? O $100 O $180 $280 O $380