Question: (100 points - 50 points each) Question 1 Based on your understanding: a) Distinguish between product cost and period cost. Bring an example for each

(100 points - 50 points each) Question 1 Based on your understanding: a) Distinguish between product cost and period cost. Bring an example for each type. b) How does the fixed cost per unit change as activity level increases? Why? (10 points) Bonus Question Why is the cost of idle time treated as manufacturing overhead

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