Question: Question 1 (7 marks) a) GEM Ltd makes an electronic product called PIN. The relevant range of operations is between 3,500 units and 10,000 units

Question 1 (7 marks) a) GEM Ltd makes an electronic product

Question 1 (7 marks) a) GEM Ltd makes an electronic product called PIN. The relevant range of operations is between 3,500 units and 10,000 units of PIN per month. Per unit costs at two activity levels are as follows: 4,000 units at $16.00 per unit; 8,000 units at $12.00 per unit. Required: Determine the total cost if GEM Ltd produces 10,000 units. (2.5 marks) ANSWER: ** Answer box will enlarge as you type h) Oulalitv Fontwear incurs these costs for the month. Required: Determine each of the following costs: (list the costs under each cost category when calculating the answer). i. Product costs (1.5 marks) ANSWER b (i): ii. Period costs (1 mark) ANSWER b (ii): iii. Explain why costs are classified into various cost categories, and who benefits from it? (2 marks) ANSWER b (

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