1- Beginning raw materials inventory was $20,000. During the month, $200,000 of raw material was purchased. A count at the end of the month revealed that $60,000 of raw material was still present. What is the cost of direct material used?

		$200,000.00
		$220,000.00
		$160,000.00
		$20,000.00

2- True or False; Activity Based Costing could be used to determine customer satisfaction and quality issues?

3- TRUE or FALSE At the end of July your companies Manufacturing Overhead account showed a balance of $200,000. Your applied overhead is $212,000. You are under applied by $12,000.

4- In the Production Budget the beginning inventory value of each quarter is equal to _____________?

		The beginning inventory value of the previous quarter.
		The desired ending inventory value of the previous quarter.
		Zero
		2,000

5- TRUE or FALSE This was a very demanding course made harder under the ccircumstances but I did not quit!