Discussion Questions for Module 1: Question 1: How do product costs affect the financial statements? How does the classification of product cost (as an asset vs. an expense) affect net income? Be specific. Question 2: Sam's Garage is trying to determine the cost of providing an oil change. Why would the average cost of this service be more relevant than the actual cost for each customer? Question 3: Because of seasonal fluctuations, Noble Corporation has a problem determining the unit cost of the products it produces. For example, high heating costs during the winter months causes per-unit cost to be higher than per-unit cost in the summer months even when the same number of units of product is produced. Suggest several ways that Noble can improve the computation of per-unit costs