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Section B- Short Questions - Answer any TWO - 01. (2 x 2.5 marks = 5 marks) Olympic Company, a manufacturer of footballs, started production in January 2020 and is manufacturing 2,000 footballs per month. Raw materials cost for a football will total $23 per football. Workers on the production lines are paid on average of $13 per hour. A football usually takes 2 hours to complete. In addition, rent on the equipment used to produce footballs amounts to $1,300 per month. Indirect materials cost $3 per football. A supervisor was hired to oversee production; his salary per month is $3500. Advertising cost for the rackets will be $6,000 per month. The factory building depreciation expense is $8,400 per year. Property taxes on the factory building will be $5,400 per year. Instructions: Prepare an answer sheet with the following column headings: Durat Director cu