True or False: Manufacturing overhead costs cannot be traced directly to products.

True or False: Direct material costs usually flow through the Materials Inventory account first, then directly into the Finished Goods account, and then through the Cost of Goods Sold account.

True or False: The slope of the line, in a graph of variable costs, represents the variable cost per unit.

True or False: Expired costs and unexpired costs are both deducted on the income statement.

True or False: Similar to income statements and balance sheets, management accounting reports are much the same from company to company.