Remaining Time: 1 hour, 08 minutes, 38 seconds. Question Completion Status: 1 2 3 49 50 60 7 80 9 10 QUESTION 7 If Manufacturing Overhead is Under-Allocated to a Product during the year, this will likely result in: Inventory being understated and Profit understated Inventory being understated and Profit overstated Inventory being overstated and Sales understated O Inventory being overstated and Sales understated QUESTION 8 Which item would not appear on the Job Sheet or Job Record at a Service Business? O Indirect Materials O Direct Labour Fixed General Overhead Allocation O Variable General Overhead Allocation QUESTION 9 Anwser the following questions in complete sentence form: (i) The Service Department at a Canadian Tire Store repairs cars. If you were the Store Manager, what type of Responsibility Centre would you (ii) Most Tim Hortons restaurants have a Drive Through window. Which type of Costing System do think that this area should use and why? (Jo (iii) List and explain 3 advantages of setting up an ABC System (Activity Based Costing) difference bewteen a Pric Take and a Price Setter