erences Mailings Review View Developer New Tab Grammarly Tell me AEE AalbCcDdEe AaBbCcDc AaBb bee Normal No Spacing Heading 1 Title Subtit b. False 10. Factory overhead applied to production using predetermined overhead rate. a. True b. False 11. If factory overhead applied exceeds the actual costs, the factory overhead account will have a credit balance. a. True b. False 12. If factory overhead applied exceeds the actual costs, overhead is said to be underapplied. a. True b. False 13. Indirect labor will be included in factory overhead. a. True b. False 14. In a factory with several processing departments, a single factory overhead rate may not be provide accurate product cost and effective cost control. a. True b. False 15. The statement of cost of goods manufactured is normally prepared only for enterprises using periodic inventory procedures under a general accounting system. a. True b. False