21. Normal costing does not use which of the following to measure product costs?

a.

An amount representing "normal" manufacturing overhead

b.

Actual direct material costs

c.

Actual manufacturing overhead

d.

Actual direct labor costs

____22.What modern production methodology emphasizes strengthening the weakest link of the company to improve operations to become more efficient and effective?

a.

Weakest link theory

b.

Total quality

c.

Theory of constraints.

d.

Just-in-time

____23.Which costing system would be most appropriate for use by a soft drink bottling company?

a.

process costing system.

b.

variable costing system.

c.

direct costing system.

d.

job costing system.

____24.In 2002, Congress passed the Sarbanes-Oxley Act. Which of the following is not a provision of that act?

a.

The CEO and Chief Financial Officer (CFO) must indicate that they are responsible for the company's system of internal control.

b.

The Chief Executive Officer (CEO) must sign the company's financial statements attesting to the inclusion of all material information.

c.

The law empowered the American Institute of Certified Public Accountants (AICPA) to oversee licensure of auditors.