Instructions: Designate the best answer for each of the following questions. 1. Given the following costs for Abay Liquidators, select the answer choice that correctly classifies each cost's behavior. Total Cost at 1,500 Units 1,800 Units Cost A $4,650 $5,580 Cost B 8,600 9,400 a. Cost A and Cost B are both variable ? b. Cost A is variable; Cost B is mixed c. Cost A is variable; Cost B is fixed d. Cost A and Cost B are both mixed e. There is not enough information provided to determine the answer. 45. In a JIT cost accounting system, a. no inventories are kept on hand. b. no manufacturing overhead costs are incurred. c. a company strives to have the right amount of materials, parts, and products on hand. d. conversion costs are eliminated. 47. Which one of the following is a product-level activity? a. Assembly of staplers b. Every tenth stapler produced is tested to be sure it meets quality standards. c. The factory janitor is paid. d. A setup is undertaken when the model of staplers to be produced changes. 56. Which item is not a calculation performed on a production cost report? a. Number of physical units to be accounted for b. Materials cost per equivalent unit C. Cost of goods transferred out of finished goods d. Cost of goods transferred remaining in work in process