Question 25 Which of the following statements is true? 1. In a process costing system, costs are traced directly to jobs. 1 Point 2. In a process costing system, overhead is allocated to departments after being applied to units of product. 3. In a process costing system, manufacturing overhead cost is also called conversion cost. All of the statements are true. B Statements II and III are true.. Statements I and III are true. None of the statements are true.