Overapplied overhead occurs when the actual overhead costs incurred during a period are greater than the overhead costs applied during the period. 6 STe FALSE TRUE eow sunh bat a Which of the following statements is (are) true regarding product costing? (A) A job is a cost object that can be easily and conveniently distinguished from other cost objects. (B) Job cost sheets are used in accounting systems as a subsidiary ledger for the Work-in-Process account. 7 ehrod annu . Only A is true. UAGUTO Only B is true. . pvipa Both A and B are true. . Neither A nor B is true. D. 8 What are the transfers-out from the Finished Goods Inventory called? Cost of Goods Manufactured. Cost of Goods Available. . . Cost of Goods Completed. . Cost of Goods Sold. D. The number of units in the beginning Work-in-Process Inventory plus the units trans ferred out during the period equals the number of units started during the period plus the number of units in the ending Work-in-Process Inventory. FALSE TRUE oll d