TB MC Qu. 2-3 (Static) Which of the following... Which of the following statements are true? 1. If a job is not completed at year end, then no manufacturing overhead cost would be applied to that job when a predetermined overhead rate is used. II. Actual overhead costs are not assigned to jobs in a job costing system. III. The amount of overhead applied to a particular job equals the actual amount of overhead caused by the job. Multiple Choice Only statement I is true. Only statement II is true. Statements I and III are true. All of the statements are true.