TF Qu. 11-96 Manufacturing companies use a predetermined... Manufacturing companies use a predetermined overhead rate; such rates are not used by service companies. True or False True False TF Qu. 11-85 At the end of the period, the balance remaining... At the end of the period, the balance remaining in work in process is reported on the balance sheet. True or False True False TF Qu. 11-90 The work in process inventory account is... The work in process Inventory account is debited when raw materials are placed into production. True or False True False TF Qu. 11-82 Product cost information for manufacturing... Product cost Information for manufacturing companies affects the income statement but does not affect the balance sheet. True or False True False