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Cornerstone ch 1 hmw11. Classify each of the following actions as either being associated with the financial accounting information system (FS) or the cost management information system (CMS):a.Determining the total compensation of the CEO of a public company FSb.Issuing a quarterly earnings report FSc.Determining the unit product cost using TDABCCM CMSd.Calculating the number of units that must be sold to break even CMSe.Preparing a required report for the SEC FSf.Preparing a sales budget CMSg.Using cost and revenue information to decide whether to keep, or drop, a product line CMSh.Preparing an annual statement of financial position that conforms to generally acceptedaccounting principles (GAAP) FSi.Using cost and revenue information to decide whether to invest in a new production system or not CMSj.Reducing costs by improving the overall quality of a product CMSk.Using a debt-equity ratio and liquidity ratios from a balance sheet to assess the likelihood of bankruptcy FSl.Using a public company's financial statements to decide whether or not to buy its stockFS2. Identifying Cost Management Information System ObjectivesConsider the following actions associated with a cost management information system:Select the appropriate objectives for each of the following actions of a cost management information system:Required:a.Eliminating a non-value-added activity panning and comtrolb.Determining how much it costs to perform a heart transplant costing of servicec.Calculating the cost of inspecting components from an outside supplier costing of product and service