Question 3 Deane a process flow to depict the relationship between finished goods, drect maneriak, won. in progress, direct labour, cost of goods sold ( income Stalemerk), factory overthead and Ending inventory (Balance Sheet). [14 Marks]. Question 4 Costs ane chen classifed in leems of how they relate to an ceject of segment of optrations caled a cost object it may be a product, a department, or some activity. Descrbe the following: 1. Dived costs [2 Marks] 2. indirect cost [2 Marks] Question 5 A bicycle company has these costs: 1. Tires Oflice utistes expense 2. Advertising Swlaries of employees who put tres on wheets 3. Faclory bulding deprecation Spokes 4. Wheel horicarh Salaries of factory maintenance employees 5. Salary of factory manager Handebars Classidy each cost as a period or a product cost. Witin the product cost categary. indicme if the cost is part of direct materials (DM), dinect labor (DL), of manulachurng overtead (WD) [10 Marks] Question 6 1. Distinguish between product and period costs. [3 Marks] 3 Nichoot heseswinent 5 2023 2. Explain the difference between a merchandising and a marndacturing incorne stabement. [4 Marks] 3. Eaplain the daference between a merchandising and a manslacturing balance sheet if Marks]