6. Financing activities on the statement of cash flows include lending money. acquiring investments. c) issuing debt. C. acquiring long-lived assets. 7. Each of the following are performance measures on the balanced scorecard except: Customer measure b. Internal business processes Return on investment Financial measure a 8) Wagner Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or-over application of overhead for the period: Estimated annual overhead cost $1,680,000 Actual annual overhead cost $1,590,000 Estimated machine hours 420,000 Actual machine hours 390,000 a $1,560,000 applied and $30,000 overapplied b.$1,600,000 applied and $120,000 overapplied $1,560,000 applied and $30,000 underapplied d.$1,463,000 applied and neither under- nor overapplied 9) Cash received from a sale to a customer would be categorized as a cash flow from: a. financing activities b. investing activities Cooperating activities d. none of the above 10) A budget that managers must begin by using a blank piece of paper is called a: a. static budget b. flexible budget Co zero based budget d. rolling budget