1.Which of the following activities would be included in the value chain of a manufacturing company? a. Research and Development b. Customer Service c. Design d. All of the above are included in the value chain

5. In a job-order costing system, the journal entry to record depreciation on factory equipment would be recorded by a: a. Debit to Depreciation Expense, credit to Accumulated Depreciation b. Debit to Manufacturing Overhead, credit to Depreciation Expense c. Debit to manufacturing Overhead, credit to Work-in-Process d. Debit to Manufacturing Overhead, credit to Accumulated Depreciation

7. The amount of the manufacturing overhead variance during 2019 was: a. $8,000 Overapplied b. $12,000 Overapplied c. 12,000 Underapplied d. $8,000 Underapplied

8. The review of each tax return by H & R Block would be an example of: a. Unit-level activity b. Facility-level activity c. Product-level activity d. Batch-level activity

9. Which of the following statements about activity based costing is not true? a. Activity based costing differs from traditional costing systems in that products are not cross subsidized b. In activity based costing, cost drivers are usually what cause costs to be incurred c. Activity based costing is more likely to result in major differences from traditional costing systems if the firm manufactures only one product rather than multiple products d. Activity based costing is useful for allocating marketing and distribution costs