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t MULTIPLE CHOICES (205)-25EACH (Put your MC answers in page 3) A) A company's supply chain is always internal to a firm. 1) Which of the following statements about a company's supply chain is true? B) A company's supply chain is always external to a firm. A company supply chain is the same thing as a company's value chain. B Management accountants provide information to enhance a company's supply chain. E) None of 2) The value chain is the sequence of business functions in which A) value is deducted from the products or services of an organization B) producing and delivering the product or service is of prime importance D) usefulness is added to the products or services of an organization products and services are evaluated with respect to their value to the supply chain E) none of the above 3 Under the write-off approach, the difference between Manufacturing Overhead Control and Manufacturing Overhead Allocated is adjusted in the: A) Cost of Goods Sold account B) Work-in Process account C) Manufacturing Overhead account D) Miscellaneous Expenses account E) None of the above 4) A plant manufactures several different products. If a particular product is the cost object, then the wages of the plant supervisor can be classified as a(n) A) direct cost because it occurs in the production facility B) indirect manufacturing cost and therefore is an inventoriable cost C) variable cost as it will vary on a per unit basis depending on volume D) period cost 5) Which of the following is an example of a period cost in a company that makes clothing? A) Fabric used to produce men's pants. B) Advertising cost for a new line of clothing. C) Factory supervisor's salary. D) Monthly depreciation on production equipment. E) None of the above. 6) All of the following are examples of product costs except: A) depreciation on the company's retail outlets. B) salary of the plant manager. C) insurance on the factory equipment D) rental costs of factory equipment. E) none of the above