2 The production managers salary in a multi-product factory will be classified as: Which of the following is the correct valuation base for inventory of finished goods? Select one: A. Total cost per unit B. Prime cost per unit C. Production cost per unit D. Direct cost per unit Which of the following is not a product cost? Select one: A. Rent and rates of the factory. B. Heat and light of the factory. C. Office stationery. D. Depreciation on handling equipment in the raw materials store. Clean Offices Limited provides office cleaning services to a number of clients. In determining the cost of providing a cleaning service to a particular client, which of the following would be classified as a direct cost? Select one: A. Advertising expenses incurred to attract more clients to Clean Offices business. B. Travelling expenses paid to the cleaner to reach the clients premises. C. Rent of the premises where Clean Offices stores its cleaning materials and equipment. D. The salaries of Clean Offices accounts clerks. 7 An overhead absorption rate is used to: Select one: A. Share common costs between cost centres. B. Calculate the total overhead costs for a cost centre. C. Charge overhead costs to products. D. Control overhead costs. Over-absorption of overheads occurs when: Select one: A. Absorbed overheads exceed budgeted overheads. B. Absorbed overhead exceed actual overheads. C. Actual overheads exceed budgeted overheads. D. Budgeted overheads exceed absorbed overheads