Direct materials$ $7\mathrm{.}00$Direct labor$$4\mathrm{.}00$Variable manufacturing overheadFixed manufacturing overhead$Fixed selling expense$50$Fixed administrative expense$Sales commissions$ $1\mathrm{.}00$Variable administrative expense$ $0\mathrm{.}5002$:$1736$Exercise $1-8($Static$)$ Product Costs and Period Costs; Variable and Fixed Costs $[$LO$1-3,$ LO$1-4]$eBookAskReferencesRequired:$1.$ For financial accounting purposes, what is the total amount of product costs incurred to make $20,000$ units?$2.$ For financial accounting purposes, what is the total amount of period costs incurred to sell $20,000$ units?$3.$ For financial accounting purposes, what is the total amount of product costs incurred to make $22,000$ units?$4.$ For financial accounting purposes, what is the total amount of period costs incurred to sell $18,000$ units?Note: For all requirements, do not round intermediate calculations$\mathrm{.}1.$ Total amount of product costs$2.$ Total amount of period costs incurred$3.$ Total amount of product costs$4.$ Total amount of period costsMCPrey$1$ of $2$Next $>$