Paul needs to decide between buying a big screen tv for $1,800 or being able to go on a new york vacation for $1,000 and still having enough left over to buy a small screen tv for $800. paul opts for the small screen tv and the new york vacation. paul has used money in what ways in making his decision? a. medium of exchange and a method to decrease deferred payments. b. medium of exchange and a store of value. c. store of value and a standard unit of account. d. medium of exchange and a standard unit of account.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?