The ideal criterion for choosing an allocation base for overhead is: Ease of calculation. A cause-and-effect relationship. Ease of use. Its preciseness. Which of the following companies uses process costing systems? Accenture middot Coca-Cola. Jiffy Lube International A professional service firm. All of the above. Job costing in service industries uses recording procedures and accounts similar to those illustrated in the chapter except for: Direct labor Overhead costs. Direct materials. Cost drivers. Standard costs are: Planned costs the firm should attain. Associated with direct materials and factory overhead only. Associated with direct labor and factory overhead only. Targeted low costs the firm should strive for. None of the above. Which of the following would likely be the most appropriate cost driver of electric power used by machines? Number of units. Machine size. Number of machine hours Number of production runs. Purchase cost of machines. The ideal criterion for choosing an allocation base for overhead is: Ease of calculation. A cause-and-effect relationship. Ease of use. Its preciseness. Which of the following companies uses process costing systems? Accenture middot Coca-Cola. Jiffy Lube International A professional service firm. All of the above. Job costing in service industries uses recording procedures and accounts similar to those illustrated in the chapter except for: Direct labor Overhead costs. Direct materials. Cost drivers. Standard costs are: Planned costs the firm should attain. Associated with direct materials and factory overhead only. Associated with direct labor and factory overhead only. Targeted low costs the firm should strive for. None of the above. Which of the following would likely be the most appropriate cost driver of electric power used by machines? Number of units. Machine size. Number of machine hours Number of production runs. Purchase cost of machines