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• Short explaining for the choices
• For calculation questions, include the steps how you get the result for each question.
• For journal entry questions, provide the complete journal entry for the question;
• for the conceptual questions, explain the reason why you choose the one.

10) Overapplied manufacturing overhead would result if: A) the plant was operated at less than normal capacity. B) manufacturing overhead costs incurred were less than estimated manufacturing overhead costs. costs charged to production. costs charged to production. C) manufacturing overhead costs incurred were less than manufacturing overhead D) manufacturing overhead costs incurred were greater than manufacturing overhead Learning Objective: 03-04 Compute underapplied or overapplied overhead cost and prepare the journal entry to close the balance in Manufacturing Overhead to the appropriate accounts. 11) Assembling a product is an example of a: A) Unit-level activity C) Product-level activity. B) Batch-level activity. D) Facility-level activity. Learning Objective: 04-01 Understand the basic approach in activity-based costing and how it differs from conventional costing 15) A process costing system is employed in those situations where: A) many different products, jobs, or batches of production are being produced each period. B) where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis C) a service is performed such as in a law firm or an accounting firm. D) full or absorption cost approach is not employed. Learning Objective: Other topics

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