1) Which of the following would most likely be a direct cost in a manufacturing company A) supervision and engineering B) utilities C) repairs D) utilities and repairs E) raw materials 2) A grouping of individual cost items is called a A) cost objective. B) costing group C) cost department D) cost pool E) cost base 3) Which of the following would be appropriately costed using a process costing system? A) oil refining B) a law firm managing individual legal cases C) assembly of individual aircraft by Bombardier D) movies produced by Lions Gate Entertainment E) audit engagements performed by KPMG 4) The first step in job costing is to A) identify the cost object. B) identify the direct costs. C) select the cost allocation base. D) identify the indirect costs. E) compute the rate per unit. 5) Managers and accountants collect most of the cost information that goes into their information systems through A) an information databank B) computer programs. C) source documents D) timne surveys. E) Interviewing workers. 6) Which of the following statements about normal casting is TRLIE? A) Direct costs and indirect costs are allocated using an actual rate. B) Direct costs and indirect costs are traced using budgeted rates C) Direct costs are traced using a budgeted rate, and indirect costs are allocated using an actual rate. D) Direct costs are traced using an actual rate, and indirect costs are allocated using a budgeted rate. E) Direct costs are traced by using the actual direct-cost rate times the budgeted quantity of the direct costs input