Use the Management Accounting Costs and Concepts Template linked in the resources to complete the following in your Financial and Managerial Accounting textbook:Problem 14-1B, page 664.Problem 14-5B, page 666.Problem 14-1B Cost computation, classification, and analysis C2 C3Listed here are the total costs associated with the 2017 production of 15,000 Blu-ray Discs (BDs) manufactured by Maxwell. The BDs sell for $18 each.Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.)Compute the manufacturing cost per BD.Checku2003 (2) Total variable production cost, $35,250Analysis ComponentAssume that 10,000 BDs are produced in the next year. What do you predict will be the total cost of plastic for the BDs and the per unit cost of the plastic for the BDs? Explain.Assume that 10,000 BDs are produced in the next year. What do you predict will be the total cost of factory rent and the per unit cost of the factory rent? Explain.Problem 14-5B Inventory computation and reporting C4 P1Shown here are annual financial data at December 31, 2017, taken from two different companies.RequiredCompute the cost of goods sold section of the income statement at December 31, 2017, for each company. Include the proper title and format in the solution.Checku2003 (1) TeeMart cost of goods sold, $200,000Write a half-page memorandum to your instructor (a) identifying the inventory accounts and (b) identifying where each is reported on the income statement and balance sheet for both companies.