multiple choice Which of the following products would have its costs accumulated using a process costing system? 1. 2. Airplanes Luxury yachts 3. Dinner at a restaurant 4. Fishing supplies multiple choice Which of the following companies would use a job costing system? 1. Health care provider 2. Crayon manufacturing company 3. Potato chip manufacturing corporation 4. Spring water bottling company 1. Health care provider 2 Crayon manufacturing company Spring water bottling company 3. Potato chip manufacturing corporation 4. Emultiple choice Smart Corporation is a manufacturer of smartphones. Assume Smart allocates manufacturing overhead based on machine hours. Additional information for Smart is as follows: Budgeted 5 million machine hours and $50 million of manufacturing overhead costs Actual machine hours of 6 million Actual total manufacturing overhead costs of $48 million What is Smart's predetermined manufacturing overhead rate? 1. $8.00/machine hour 2. $8.33/machine hour 3. $9.60/machine hour- 4. $10.00/machine hour Amultiple choice When selecting a manufacturing overhead allocation base, managers should select the activity-based products. 1. number of products produced. 2 3. cost driver of those manufacturing overhead costs 4. same number used in prior years. 5multiple choice A marketing consultant uses the job costing system and has a predetermined overhead rate of $15 per direct labor hour. This amount is based on an estimated overhead of $30,000 and an average time of 5.0 hours per job. Job 8521 incurred direct material costs of $50 and 6 direct labor hours costing of $75 per hour. The total cost of job #521 is: 1. $155. 2. $215. 3. $565. 4. $590