Chose the right answers for the 15 multiple choices in the attached file.

Chose the right answer for the 15 multiple choices 1. Perminusunit cost is the ________ unit cost. A. one B. only C. complex D. average E. simple 2. A difference between costing a job with normal costing and actual costing is that normal costing uses which of the following cost rates? A. Budgeted preferredcost rates. B. Budgeted actualcost rates. C. Budgeted realcost rates. D. Budgeted indirectcost rates. E. Budgeted directcost rates. 3. The Operations Manager at Mary's Pastry Shoppe requested a machine shop to build a special pastry machine to add extra jellies and sprinkles on their pastries. Mary estimated that the actual annual indirectcosts to make pastries in the new machine are $6,000 and the actual annual quantity of the costallocation base is2,000. Compute the budgeted indirectcost rate. A. $1 B. $2 C. $3 D. $4 E. $5 4. When individual jobs are completed, workinprocess inventory becomes: A. billing of goods sold. B. finished goods inventory. C. manufacturing labor. D. an income statement. E. workinprocess inventory. 5. In 2012, Alan's Seafood Supply Manufacturing uses machinehours as the only overhead costallocation base. The accountant reported the following information: Estimated Actual Manufacturing overhead costs $225,000 $250,000 Machinehours 50,000 55,000 Using job costing, compute the 2012 actual indirect cost rate. A. $3.95 per machine hour B. $4.55per machine hour C. $4.85 per machine hour D. $3.85 per machine hour E. $4.45 per machine hour 6. The Chesapeake Organization reported $400,000 of indirectcost pool in design activity. The manager reported a costallocation base of 110 parts per square feet. Required: Compute the amount of design activity per partsquare foot. A. $3,000.22 B. $3,025.25 C. $399,890 D. $3,636.36 E. $400,110 7. The costing system that refines a costing system by identifying individual activities as the fundamental cost object is ________. A. activitybased costing system B. costallocation base C. managerbased costing system D. cost hierarchy E. refinedcosting system 8. Managers that compare the predicted cost amounts against actual costs to evaluate how well they did on a specific job is an example of which step in the fivestep decisionmaking process? A. Step 1: Identify the problems with uncertainties. B. Step 2: Obtain information. C. Step 3: Make predictions about the future. D. Step 4: Make decisions by choosing among alternatives. E. Step 5: Implement the decision, evaluate performance, and learn. 9. Broad averaging leads to ________. A. variable product costs B. accurate service costs C. accurate product costs D. inaccurate product costs E. service product cost 10. A group of coworkers went to lunch at the mall. Listed below is the total cost of each individual meal. Matthew Hank Shawn Rachel Marla Jim Entree Cost $12 $21 $16 $15 $61 $14 Dessert 0 8 5 5 17 3 Drinks 3 13 7 5 31 7 Total $15 $42 $28 $25 $109 $24 Required: Compute the average cost per dinner. When the costs are averaged across all six dinners, is Marla overcosted or undercosted? A. $30.10; undercosted. B. $45.25; overcosted. C. $62.19; overcosted. D. $58.19; undercosted. E. $40.50; undercosted. 11. Which of the following is not a level in the cost hierarchy? A. Productsustaining costs. B. Outputunit level costs. C. Facilitysustaining costs. D. Inputlevel unit costs. E. Batchlevel costs. 12. The specific term for assigning direct costs is: A. cost pool. B. jobcosting system. C. cost assignment. D. cost tracing. E. cost allocation base. 13. Managers use the jobcost record (jobcost sheet) to: A. indicate the quantity of each product received. B. record only manufacturing costs accrued on the job. C. indicate the type of each product received. D. record raw material purchases from suppliers. E. record and accumulate all costs assigned to a specific job. 14. Which approach is known for spreading the under allocated overhead or over allocated overhead among ending workinprocess inventory, finished goods inventory, and cost of goods sold? A. Adjusted allocationrate. B. Denominator reason. C. Numerator reason. D. Proration. E. Writeoff to cost of goods sold. 15. Mug King reported the following information: Small mugs Large mugs Total 1 Quantity of mugs 50,000 25,000 2 Number of mugs produced per batch 240 75 3 Number of batches ? ? 4 Setup time per batch 3 hours 5 hours 5 Total ? ? ? setuphours Required: Compute the number of batches for small and large mugs, the total setuphours, and the total setuphours for both mugs. A. Batches: Small = 225.35; Large = 350.50 Total Setuphours: Small = 650.50; Large = 1,750.25 Total: 2,500.50 B. Batches: Small = 230.61; Large = 385.64 Total Setuphours: Small = 695.25; Large = 1,895.62 Total: 3,500 C. Batches: Small = 260.52; Large = 1,950.62 Total Setuphours: Small = 685.24; Large = 1,962.35 Total: 4,200 D. Batches: Small = 208.33; Large = 333.33 Total Setuphours: Small = 624.99; Large = 1,666.65 Total: 2,291.64 E. Batches: Small = 275.62; Large = 2,062.25 Total Setuphours: Small = 285.63; Large = 2,650.36 Total: 4,695