1. List the three general ledger accounts to which over/under applied manufacturing overhead can be closed. 2. A process costing system can be used when only one production department exists. True or false. 3. In a master budget, the production budget drives all other budgets. True or false. 4. In a properly prepared cash budget, total cash receipts equal total cash disbursements. True or false. 5. If manufacturing overhead is over applied, this means that the applied manufacturing overhead account has a debit balance. True or False.