HELP ASAP PLEASE. No explanation needed.

Question 1 2 pts The term "cost" means: O all of these. O the price paid for a raw material. the wage paid to a worker. the price charged by an entity for its services. Question 2 2 pts The sequence of activities that add value to the organization are: the value chain. the value processes. O the chain of production events. O the strategic cost initiatives. Question 3 2 pts An example of a product cost is: production line maintenance costs. O advertising expense for the product. O a portion of the president's travel expenses. interest expense on a loan to finance inventory. Question 4 2 pts Direct costs pertain to costs that: are traceable to a cost object. are not traceable to a cost object. are commonly incurred. are variable costs. Question 5 2 pts The production cost of a single unit of a manufactured product is determined by: dividing total direct materials, direct labor, and manufacturing overhead for a production run by the number of units made. dividing total direct materials and direct labor for a production run by the number of units made. dividing total direct materials, direct labor, manufacturing overhead and selling expenses for a production run by the number of units made. O dividing the selling price by the gross profit ratio. Question 6 2 pts Product costs are inventoried and treated as assets until: the period in which the products they relate to are sold. the next accounting period. O related liabilities no longer exist. O none of these. Question 7 2 pts An example of a cost that is likely to have a direct relationship with products being manufactured: O production labor costs. O sales force salaries. O depreciation of production equipment. salaries of production supervisors. Question 8 2 pts An example of a cost likely to have an indirect relationship with products being manufactured: electricity costs for packaging equipment. O production labor costs. O raw material costs. O none of these. Question 9 2 pts The three components of product costs are: direct material, direct labor, manufacturing overhead. direct material, supervisor salaries, selling expenses. direct labor, manufacturing overhead, indirect material. O manufacturing overhead, indirect material, indirect labor. Question 10 2 pts Which of the following is NOT an inventory account for a manufacturing company? Cost of goods sold. Work-in-process. O Raw materials. O Finished goods