Font Paragraph Styles 7.As a practical matter, unless the total amount of the underapplied or overapplied overhead balance is large, it is transferred to cost of Goods Sold. True or False 8.If the factory overhead account has a debit balance, the factory overhead is said to be overapplied. True or False 9. The subsidiary ledger that contains the individual accounts for each kind of product is the finished goods ledger. True or False 10.A cost accounting system uses perpetual inventory procedures in accounting for manufacturing costs. True or False 11.A manufacturer that uses a job order cost system for one product must use that system for all products. True or False 12. The predetermined factory overhead rate is calculated by relating the estimated amount of factory overhead for the period to an activity base. True or False