1. Which of the following is the first step in the cost-allocation decision process? Select one: a. Identify the relevant indirect costs included in the cost pool(s) or numerator(s). b. Identify the purpose of the cost allocation c. Calculate the cost-allocation rate for each indirect cost pool. d. Identify the direct inputs that are already measured. e. Analyze the alternatives and select the best one for the denominator.

2. The cost of visiting customers would MOST likely be classified as a Select one: a. Customer-sustaining cost b. Distribution-channel cost c. Corporate-sustaining cost d. Customer batch-level cost e. Customer output unit-level cost

3. Which of the following is a feature of a good balanced scorecard? Select one: a. It provides cause-and-effect linkages that are precise b. The scorecard measures match those of other companies c. The scorecard contains dozens of different measures across many different categories d. It tells the story of a company's strategy by articulating costs along the value chain e. It helps to communicate the strategy to all members of the organization by translating the strategy into a coherent and linked set of understandable and measurable operational targets

4. When a single manufacturing process yields two products, with the first product having a relatively high sales value compared to the other, the two products are respectively known as Select one: a. Main products and byproducts. b. Main products and joint products. c. Byproducts and scrap. d. Joint products and byproducts. e. Joint products and scrap.

5. Material left over when making a product is referred to as Select one: a. Indirect material. b. Reworked units. c. Defective units. d. Spoilage. e. Scrap