5. Hernandez & Daughters LLC (HD) has underapplied overhead of $22,000 at the end of 2021. Which of the following would not be an appropriate way for HD to account for the remaining overhead? A. Write off the underapplied overhead to COGS B. Allocate the underapplied overhead to WIP C. Allocate the underapplied overhead to FG D. All of the Above E. None of the Above 6. Which of the following best describes the accounting for the manufacturing overhead control (MOH) account? A. Total debits and credits for the MOH account never exceed the actual overhead costs. B. Total debits and credits for the MOH account always exceed the actual overhead costs. C. MOH is debited for the total of the Expenses and Materials Inventory. Wages Payable, A/P, Prepaid Expenses, and Accumulated Depreciation are credited for the appropriate amounts. D. MOH is debited for Wages Payable, A/P, Prepaid Expenses, and Accumulated Depreciation. The total of the Expenses and Materials Inventory are credited for the appropriate amounts. 7. Which of the following are objectives of internal control systems: A. Effectiveness and efficiency of operations B. Reliability of financial reporting C. Compliance with applicable laws and regulations D. All of the Above E. None of the Above 8. Which of the following is not a key goal of the management control system? A. Comparing organizational goals and strategy against the actual outcomes of the business B. Balancing managers performance evaluations with compensations and rewards C. Help managers make decisions that will increase the organization's performance D. Reduce the impact of dysfunctional decision making E. Align managers' interests with those of the organization 9. Given the uncertainty of seasonal weather for NYC, which of the following would be most important for Jones' SUP & Kayak Rental during the budgeting process? A. Prepare flexible budgets in addition to a master budget B. Prepare sensitivity analyses around the master budget C. Forecast sales and production goals D. None of the Above 10. Unfavorable cost variances occur when actual costs exceed budgeted costs A. True B. False