Given Closing work in process inventory $538 Shipping costs $80 Opening finished goods inventory $88 Direct labor $1245 Advertising costs $45 Manufacturing overhead $ 2098 Direct materials $1054 Opening work in process inventory $379 Closing finished goods inventory $40 Required: Compute the cost of goods manufactured Given Direct materials $100 Direct labour $296 Manufacturing overhead$525 Required: Compute the conversion costs. Variable costs belong to which cost classification? Select one: O Cost classification by dollar value Cost classification by traceability O Cost classification by relevance Cost classification by behaviour Assume that at a production level of 10 units the total variable cost is $1,000 and the fixed cost per unit is $100. The total variable cost at 40 units would be Select one: $5,000 o $1,000 O $4,000 O None of these