TB TF Qu. 4-137 (Static) Indicate whether each of the following... Indicate whether each of the following statements is true or false. Companies group several individual overhead costs into cost pools to simplify the allocation process. (Click to select) A cost pool should include costs that will all be allocated to a single cost object. (Click to select) When a cost pool is used, costs are allocated individually to the cost object. (Click to select) Using cost pools to group costs generally does not reduce the usefulness of the resulting product costs. (Click to select)