puronase order. To accumulate the cost of each UPer, the company would use a A) job-cost record B) cost allocation matrix. C) manufacturing cost record. D) overhead sheet. E) production log TRUE/FALSE. Write T if the statement is true and 'F' if the statement is false. 31) Different cost concepts and classifications are used for different purposes. 31 32) The following equation Beginning finished goods+ cost of goods manufactured - 32 ending finished goods - is used to calculate cost of goods sold during the period. 33) As the activity level increases, total fixed cost remains constant and unit fixed cost 33) remains the same. 34) As activity changes, total variable cost increases or decreases proportionately with the 34) activity change, but unit variable cost remains the same. 35) A cost that is not directly traceable to a particular cost object is called an indirect cost. 36) Product costs provide crucial data for a variety of managerial purposes. 37) Manufacturing overhead is a pool of indirect production costs that must somehow be 35) 36) 37) attached to each unit manufactured. 38) A predetermined overhead rate is calculated by dividing actual overhead cost by the38) actual amount of a cost driver used in the process. 39) As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. 39) 40) In a public accounting firm, for example, costs are assigned to an audit engagement in 40) much the same way they are assigned to a single batch of tables by a furniture manufacturer