Please answer all questions: Question 1: (5 Marks) Given below is a numbered list of cost terms. For each of the definition statements thatfollow, select the cost term that makes the statement a correct definition. Each cost term is used only once. Cost terms: Incremental, Variable, Recurring, Direct, and Nonrecurring a. ( ) costs, in total, change in relation to the quantity of output or other measures of activity level. b. ( cost refers to the additional cost that will result from increasing the output of a system by one or more units. c. ( ) costs are those that are repetitive and occur when goods or services are produced on a continuing basis. d. ( ) costs can be reasonably measured and allocated to a specific output or work activity. e. ( ) costs are not repetitive even though the total expenditure may be cumulative over a relatively short period of time. Question 2: (4 Marks) A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $15 in labor and $10 in materials. The product can be sold for $40. Required: how many units per year must be sold for the company to breakeven? Air handling equipment that costs $12,000 has a life of years with a $2,000SV. What is the SL depreciation amount for each year? Air handling equipment that costs $12,000 has a life of years with a $2,000SV. What is the SL depreciation amount for each year