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true or false 2. The determination of total manufacturing costs is made for each job in the job order cost system. On the other hand,

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2. The determination of total manufacturing costs is made for each job in the job order cost system. On the other hand, total manufacturing costs are reported on a prodaction cost for each period (by department) in the process cost system repont 3. Raw materials, factory laber, and manufacturing overhead may be assigned to several work in process accounts(by department) in the process cost system 4. The unit cost computations under a job order cost system is the cost of each job divided by the units produced for the job. On the other hand, the unit cost computations under a process cost system is the total manufacturing costs divided by the units prodaced in the period. 5. To obtain a predetermined manufacturing overhead rate, a job order cost system MUST use direct labor hours and a process cost system MUST use machine hours as activities that drive (or cause) the overhead costs 6. When calculating equivalent units of production, the units completed and transferred during the period are l 7. Activity based costing is an approach for allocating overhead costs S. Activity based costing categorizes activities using activity cost pools 9. Activity based costing allcates overbead in a two-stage process. In the first stage overhead costs are allocated to activity cost pools and in the second stage the overhead allocated to the activity cost pools is assigned to products using cost drivers

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