q16

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16 Evaluate the following statements and identify those that are false (1) If a company uses job-order costing, each job cost shoct is adjusted at the end of a period when manufacturing overhead has been over- applied (2) If a company uses a predetermined overhead rate, actual manufacturing overhead costs of a period will be recorded both in the Manufacturing Overhead account and on the job cost sheets. (3) The journal entry for cost of goods manufactured includes the costs of units that are partially completed at the end of a period. (1) Manufacturing overhead cost is recorded on job cost sheets only when a job is completed during the period. A. All of the statements are false. B. Only statement (3) is false, COnly statements (2) and (4) are false. D. Only statements (1) and (2) are false. E None of the statemens are false all statements are true)