1. A credit to Work-In-Process T-Account most likely represents:

a. The actual Manufacturing Overhead Cost

b. The Cost of Goods Manufactured

c. The Cost of Goods Sold

d. The applied Manufacturing Overhead Cost

2. A company has unlimited funds to invest. The company should invest in all projects having:

a. A Net Present Value that is greater than zero

b. A Net Present Value that is greater than the Net Present Value

c. An Internal Rate of Return that is greater than the Net Present Value

d. An Internal Rate of Return that is greater than zero