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1-ABC produces pingpong balls using a threestep process that includesmolding, colouring and finishing. Which account is credited when the balls are totallycompleted? A. WIP inventorycolouring

1-ABC produces pingpong balls using a threestep process that includesmolding, colouring and finishing. Which account is credited when the balls are totallycompleted?

A.WIP inventorycolouring

B.Manufacturing overhead

C.WIP inventoryfinishing

D.Finished goods inventory

2-David has the following information to evaluate his current salary of$62,000 versus total revenues of$110,000 and expenses of$67,000 from starting a new business. How much is the opportunity cost associated with staying at his currentjob?

A.$5,000

B.$62,000

C.$110,000

D.$43,000

3-A fourpart ABC cost hierarchy includes:

A.output unitlevel costs.

B.manufacturinglevel costs.

C.marketsustaining costs.

D.research and development costs.

5-Mannock Company budgeted$400,000 for employeetraining, but actually spent only$300,000. Which of the following statements is the best course of action for management to take in thisinstance?

A.Because this$100,000 variance isfavourable, management does not need to investigate further.

B.Management will investigate this$100,000 favourable variance to ensure that the cost savings do not reflect a reduction in programming.

C.Management will investigate this$100,000 favourable variance to try to identify and correct the problem with the budgeting system.

D.Management should hold a meeting with the budget department and the training department to ensure that nextyear's budget is more realisticc.

6-Which of the following describes the costplus price?

A.Total cost plus desired profit

B.Revenue at market price plus desired profit

C.Target total cost plus desired profit

D.Variable cost plus desired profit

-Just answer if you're 100% sure about the Correct Letter for each question, please

-Dont Explain at all please, Just the correct letter for each question without any explanation at all, and I'll put a like.

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