True or false

1. Indirect manufacturing costs are easily traceable to products. 2. One important reason that managers allocate overhead costs to products is to promote the efficient use of resources. 3. U.S. Generally Accepted Accounting Principles require all manufacturing costs be allocated to products for inventory costing purposes. 4. Total companywide estimated overhead costs will change depending on if plant wide allocation or departmental allocation is used. 5. The plant wide approach to allocating overhead is typically the simplest and least expensive approach 6. Companies that use the least number of cost pools possible tend to have the most accurate overhead allocation process. 7. Organizations can allocate overhead in a variety of ways, resulting in a number of different product costs for the same product. 8. Activity-based costing breaks total estimated overhead costs out into different departments to establish an overhead rate for each department 9. Value-added activities are typically ignored when using activity-based management. 10. Appraisal costs are the same as detection costs