Multiple Choice Which of the following costs should NOT be included in product costs for Activity Based Costing internal A. Costs of unit-level activities. B. Costs of batch-level activities. C. Costs of product-level activities. D. Costs of organization-sustaining activities. management reports that are used for decision-making? 2. The labor time required to assemble a single chair is an example of a: A. Unit-level activity B. Batch-level activity. C. Product-level activity D. Organization-sustaining activity. 3. CVP analysis is most commonly used to A. determine the reliability of the financial statements B. predict costs and incomes at differing sales volumes C. predict the selling price of the company's sto D. determine whether or not the company has adequate insurance coverage ck 4. Which of the following statements is a true assumption of CVP analysis? A. the mix of a company's products changes over the relevant range B. all costs are divided into period and product categories C. CVP analysis is valid only for a relevant range D. Selling price does NOT remain constant 5. Which of the following represents the normal sequence in which the budgets below are prepared? A. Sales Budget, Direct Materials Budget, Cash Budget B. Budgeted Balance Sheet, Sales Budget, Budgeted Income Statement C. Cash Budget, Budgeted Income Statement, Sales Budget, Production Budget D. Budgeted Income Statement, Sales Budget, Selling and Administration Budget