$1.$ A cost management system has broad objectives.$$ Which of the below is not one of those objectives?

A$.$ Planning and control

B$.$ Decision making

C$.$ Quality

D$.$ Costing services and products

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$2.$ The persistent pursuit and elimination of waste that simultaneously embodies respect for people is called:

A$.$ Just in time manufacturing

B$.$ Ethics

C$.$ Lean manufacturing

D$.$ Theory of constraints

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$3.$ The system that provides accurate and timely feedback concerning the performance of managers and others relative to their planning and control activities is called the:

A$.$ Financial reporting system

B$.$ Accounting reporting system

C$.$ Operational control information system

D$.$ Planning and control system

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$4.$ Conversion costs consist of which of the following:

A$.$ Direct materials and direct labor

B$.$ Indirect labor and indirect materials

C$.$ Direct labor and overhead

D$.$ Overhead and all labor and indirect materials

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$5.$ The most widely used method used in determining cost behavior is:

A$.$ High$-$low method

B$.$ Regression

C$.$ Managerial judgment

D$.$ Scatterplot

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$6.$ Underapplied overhead is a variance that occurs when:

A$.$ Actual overhead is less than applied overhead

B$.$ Applied overhead is equal to planned overhead

C$.$ Actual overhead is greater than applied overhead

D$.$ Applied overhead is less than planned overhead