9. Question:( TCO 3) The cost function + 10X 10. Question:( TCO 4) Sunk costs 1. Question:( TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines b. # of setups c. # of inspections d. # of orders e. # of runs f. # of bins or aisles g. # of engineers 2. Question:( TCO 2) Favata Company has the following information: Month Budgeted Sales June $ 60,000 July 51,000 August 40,000 September 70,000 October 72,000 In addition, the cost of goods sold rate is 70 % and the desired inventory level is 30 % of next month ' s cost of sales. Prepare a purchases budget for July through September. 3. Question:( TCO 3) Patrick Ross, the president of Ross ' s Wild Game Company, has asked for information about the cost behavior of manufacturing overhead costs. Specifically, he wants to know how much overhead cost is fixed and how much is variable. The following data are the only records available: Month Machine-hours Overhead Costs February 1,700 $ 20,500 March 2,800 22,250 April 1,000 19,950 May 2,500 21,500