2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil refining companies B) advertising agencies C) Meat packing processors D) breakfast cereal producers 5. The formula for the predetermined indirect cost rate is: A) Budgeted annual indirect costs divided by actual quantity of cost-allocation base B) Budgeted annual indirect costs divided by budgeted annual quantity of cost- allocation base C) Actual annual indirect costs divided by budgeted annual quantity of cost- allocation base D) Actual annual indirect costs divided by actual annual quantity of cost-allocat base 6. Which of the following has accelerated need for refined cost systems (ABC) A) global monopolies B) rising prices C) intense competition D) a shift toward increased direct costs