Classify each of the costs using the table provided, Be sure ta totai the amounts in each column. If an amount box does not require an entry, leave it blank, Direct catenals is shown as an example. - Refer to the four data analytic types described in Exhibit.2.2 on 9. 39. Bnefly explain how Valentina's accounting team could use ether the product costs (identified in equirement 2) pr period costs (identified in requirement 3) in conducting one type (ce, descriptive, diagnostic, predictive, or prescriptive) of data analytics incuiry trend analysis of how product costs and penod costs have been chaoging over time wauld provide: sights into Valentina's financial performance. An examination of each element of prime costs (Le, direct materials and direct laber) would prowide nsights into why peoduct costs have increased or decreased over neme. An estmation model that forecasts the amount of groduct costs (and peried costs) at different antiopated production levels (or other perturient decision crtera) would provide insights into how profits are likely to vary across such production leveh. A process analysis that reveals a particulat labotatory technique for teuing now prototype designs will kad to the Sowest period costs ower the Jfe of the new product. 2. What was the total product cost for last year? The total product cost is 1 3. What was the total period cost for last year? The total period cost is: 4. If 30,000 units were pooduced tast yeac, what was the uni prodfuct cost? Round your answer to two decimal places. The unit product cost is 5 A trend analysis of haw product cests and period cous haw been changing over time wovld provide insights into Valentiea's financial performance. inomats inte why product ants have incieased er decreased over ume. Mi estimation model that forecasts the amount of product costs (and penod cosis) at deferront anocupot nd Cost Classification Valentina Company incurred the following costs last year