1.

What is a balanced scorecard?

		budgeting tool
		tool for making sure debits equal credits.
		a way to insure profits balance with sales minus expenses
		management tool that recognizes a company's responsibility to all its stakeholders

2.

Jones company makes two products A & B. Here is some financial information about those products.

A B

Direct labor $35,000 $25,000

Direct materials $40,000 $30,000

If ABC computed overhead at the rate of 50 cents per labor dollar, what is the total cost for product A?

		$107000
		$33000
		$82,500
		$108000

3.

Which of the following is NOT included in conversion costs?

		Direct materials
		Manufacturing Overhead
		Direct labor
		Indirect labor

4.

Which of the following is NOT an example of indirect materials?

		wood in a desk
		screws
		lubricants
		nails

2.