q1. As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. true or flase

q2. Manufacturing overhead is a pool of indirect production costs that must somehow be attached to each unit manufactured. true or false

q3. A predetermined overhead rate is calculated by dividing actual overhead cost by the actual amount of a cost driver used in the process. true or false

q4. Electricity costs that were incurred by a company's production processes should be debited to Utilities Expense. true or false