Question: Please eplain answer thoroughly Based on the following cost data, items labeled (a) and (b) in the table below are which of the following amounts,

Please eplain answer thoroughly

Based on the following cost data, items labeled (a) and (b) in the table below are which of the following amounts, respectively? (a) = $3.00; (b) = $3.00 (a) = $5.00; (b) = $4.00 (a) = $2.50; (b) = $2.00 a) = $5.00; (b) = $2.00

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