QUESTION 1 The salary of the chief executive officer of the company is an example of Indirect Labor Perlod Cost No Yes 0 0 0 0 QUESTION 2 Preparation of a budget does not allow managers to a. assess whether a division's strategic direction is in line with corporate strategy b. help divisions within the organization to communicate with one another C. eliminate any variances that would have been created without a budget d. All of these answer choices are things which preparing a budget allows managers to do QUESTION 3 Crest Manufacturing Company applies overhead cost based on 120% of direct labor cost. In completing the 250 units in Job #290, the company incurred $22,000 in direct materials and direct labor of $17,000. How much overhead should be applied to job #290? $18,720 58,160 Cc $26,880 Od: 20,400