True or False?

4. Manufacturing overhead is a pool of indirect production costs that must somehow be attached to each unit manufactured or specific service rendered. The only way to do this is to determine the correct cost driver and then apply a predetermined overhead rate. Based on that driver.

5. In a public accounting firm, such as Deloitte for example, costs can be assigned to an audit engagement for a large S&P 500 company in much the same way they are assigned to a single batch of tables produced by a furniture manufacturer.