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Could you please help me with the below multiple choice questions. - Intro Managerial Accounting Text book Questions. 1, Which of the following is not

Could you please help me with the below multiple choice questions. - Intro Managerial Accounting Text book Questions.

1, Which of the following is not a cost driver?

A) Machine hours
B) Computer time
C) Hospital beds occupied
D) Advertising manager's salary

2. Which of the following companies would not use job-order costing?

A) A clothing manufacturer
B) A commercial aircraft manufacturer
C) An accounting firm
D) None of the above

3. Which of the following statements is true?

A) Normal costing assigns fixed and variable manufacturing overhead costs to products
B) Job-order costing systems are used when companies produce many different types of products
C) Absorption costing assigns cost to products by multiplying the actual overhead rate by the actual amount of the allocation base
D) A hospital is more likely to use a process costing system than a job-order costing system

4. You have agreed to host a hospital benefit dinner. The restaurant quotes you the following costs: Meal: $30; Gratuity: 15%; Banquet Room: $200; Entertainment: $500. Two hundred people will attend the dinner. What should you charge per person to cover your costs?

A) $38
B) $34
C) $41
D) $27

5. The predetermined overhead rate is $65 per machine hour, underapplied overhead is $5,000, and the actual amount of machine hours is 1,000. What is the actual amount of total manufacturing overhead incurred?

A) $65,000
B) $60,000
C) $70,000
D) None of the above

6. In job-order costing, all of the following statements are correct except for:

A) Job-order costing is used extensively in service industries
B) In a job-order costing system, costs are traced and allocated to departments
C) Job-order costing is used in companies where many different products are produced each period
D) A catering company that prepares meals for different airlines would use job-order costing

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