Only correct options are enough, explanation not needed.

1. Which of the following best describes product leadership? A. Understanding and connecting with the customer. B. Providing a decent product at a modest price. C. Creating a wide array of products. D. None of these describe product leadership. 2. The Theory of Constraints suggests that in order to increase efficiency, an organization should look to improve by A. Maximizing the effectiveness of activities the organization does best. B. Cutting out the portion of the manufacturing process that the company does not do well. C. Improving only those links in the production process that hinder optimal performance. D. None of the above are true. 3. If we were to add up all the costs that move into finished goods from work in process, we would need to include A. Estimated costs related to manufacturing overhead, plus the balance in WIP. B. Direct materials, direct labor, and actual manufacturing overhead. C. Direct labor, direct materials, and estimated costs related to manufacturing overhead. D. Actual costs related to manufacturing overhead plus the balance in raw materials. 4. Critical components of the Sarbanes-Oxley Act of 2002 included A. Establishment of GAAP. B. Mandatory prison sentences and certain restrictions on audit firms. C. Creation of the Senate Committee on Fraud Reduction. D. All of these are true. 5. Pull manufacturing tends to lead to while push manufacturing tends to lead to A. Greater employee idle time, producing only the inventory required. B. Risks in the supply chain, needing extensive coordination among suppliers. C. Greater employee idle time, customer orders. D. Less employee idle time, risks related to customer buying habits. 7. The manufacturing overhead account has a credit balance of $50. There are entries on both sides of the account. Which of these has not occurred? A. Actual overhead was less than applied overhead. B. The pre-determined overhead rate was too low. C. The plant workers may have been more efficient than expected. D. All of these could have happened. 8. Manufacturing overhead will be credited when A. The CFO receives a bill covering utility costs for the plant only. B. Manufacturing overhead is applied to WIP. C. Direct materials are requisitioned from the raw materials warehouse. D. Manufacturing overhead is closed, after ending the period with a $750 credit balance. 9. In classifying costs, manufacturing overhead should consist of A. All product costs and certain period costs. B. All indirect product costs only. C. All conversion costs. D. All indirect product costs and all period costs. 10. Total actual overhead, less applied manufacturing overhead, should result in which of the following before the account is closed? A. A debit balance in the Manufacturing Overhead account. B. A credit balance in the Manufacturing Overhead account. C. A zero balance. D. None of the above are true. 11. Which of the following should be classified as a product cost? A. Salaries of personnel who move finished goods from the factory to the truck. B. Salaries of personnel who make billing inquiries of customers. C. Salaries of personnel who perform quality control oversight on the plant floor. D. Salaries of the individuals who travel and make sales for the company