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Signify True or False as applicable for each of the following items as they pertain to job costing. A job cost represents an average cost

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Signify "True" or "False" as applicable for each of the following items as they pertain to job costing. A job cost represents an average cost of all jobs produced during the period. A job costing system is best suited for production environments where homogeneous units are produced in a continuous process. Direct materials and direct labor are allocated to individual jobs using a predetermined overhead rate. Indirect manufacturing costs are allocated tc individual jobs using a predetermined overhead rate. Signify "YES" or "NO" as applicable to indicate whether or not the item would potentially represent a logical allocation base for manufacturing overhead. Machine hours Direct labor hours Direct labor dollars Indirect labor hours Signify "True" or "False" as applicable for each of the following items as they pertain to predetermined overhead rates and cost allocations. When manufacturing overhead costs are associated with multiple allocation bases, a separate allocation rate should be established for each allocation base identified. When manufacturing overhead costs are associated with multiple allocation bases, a single average allocation rate should be established that combines all allocation bases. Cost pools should include both direct and indirect manufacturing costs. Cost pools should include all indirect costs, whether manufacturing or nonmanufacturing

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