I do not need explication, I just need A,B,C or D answer. Thank you!! 1. A process costing system is most likely used by which of the following? A. an accounting firm specializing in tax returns B. airplane manufacturing C. a hospital D. a paper manufacturing company 2. Which of the following is a conversion cost? A. direct labor B. raw materials C. direct material used D. sales commissions 3. Which is not needed to compute equivalent units of production? A. the percentage of completion for inventory still in process B. the number of units started and completed C. the material cost per unit D. the number of units transferred out 4.What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $103,000 B. $120,000 C. $50,000 D. $16,000 5. Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the rate of 100% of the direct labor cost. What is the value of the inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1,000 units were in ending inventory? A. $13,000 B. $1,000 C. $130,000 D. $20,000 6. The costs to be accounted for consist of which of the following? A. costs of the units in ending inventory B. costs added during the period C. costs in the beginning inventory and costs added during the period D. costs started and transferred during the period 7. In a process costing system, which account shows the overhead assigned to the department? A. work in process inventory B. finished goods inventory C. raw material inventory D. cost of goods sold