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$1.$ An ERP or AlS system that supports manufacturing must be able to assign which one of the following costs to the cost of manufactured goods?

$$ Period expenses

$$ Freight$-$out costs of transporting sold finished goods to customers

$$ General administrative expenses not associate with manufacturing

$$ All the expenses shown in an income statement after Gross Profit

O Freight$-$in costs of transporting purchased goods from the vendor to the manufacturing company

$2.$ Whether you use a company$-$wide predetermined manufacturing overhead allocation rate $($PMOAR$)$ or Activity Based Costing $($ABC$)$ comprising multiple PMOARS,

$$ A$)$ company$-$wide PMOAR or ABC are optional, since generally accepted accounting principles do not require manufacturing overhead be included in the costs of manufactured items

$$ B$)$ ERP systems such as SAP can support a company$-$wide PMOAR but not ABC

$$ C$)$ these systems are useful for budgeting, but generally accepted accounting principles requires that the cost of manufactured products includes only direct materials and direct labor

$$ D$)$ ERP can support either a company$-$wide PMOAR or ABC, and ERP systems make it easier for an organization to implement an activity based costing approach.

$$ E$)$ ABC is less complex than a company$-$wide PMOAR.

All of the costs below would be classified as manufacturing overhead except

A$)$factory insurance

O c$)$ manufacturing supervisor's pay

D$)$ depreciation of factory equipment

E$)$ production indirect material

F$)$manufacturing supervisor's pay

$$ depreciation of factory equipment

O production workers' pay

Question $16$

ERP systems such as SAP that support manufacturing integrate

$$ MRP Il$,$ purchasing, production, human resources$/$payroll$,$ sales, financial information, cost accounting, and product costing.

$$ purchasing. production, human resources$/$pavroll$,$ and sales. but not MRP I.

$$ MRP II$,$ production, human resources$/$Davroll and sales, but not purchasing.

$$ MRP Il$,$ purchasing, human resources$/$payroll$,$ and sales, but not production.

O MRP Il$,$ purchasing, production, and sales, but not human resources$/$payroll

ERP systems such as SAP that support manufacturing integrate

$$ MRP Il$,$ purchasing, production, human resources$/$payroll$,$ sales.

financial information, cost accounting, and product costing.

$$ purchasing. production, human resources$/$payroll$,$ and sales, but not MRP II$.$

O MRP Il$,$ production, human resources$/$payroll$,$ and sales, but not purchasing.

O MRP Il$.$ purchasing. human resources$/$payroll$,$ and sales, but not production.

O MRP Il$,$ purchasing. production, and sales, but not human resources$/$payroll

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