TRUE/FALSE. Write ' T ' if the statement is true and " F ' if the statement is false. 1) Cost objects may be jobs, products, or customers. 1) 2) Normal costing is a method of job costing that allocates an indirect cost based on the actual indirect- 2) cost rate times the actual quantity of the cost-allocation base. 3) The cost driver of an indirect cost is often used as the cost-allocation base. 3) 4) Job costing is commonly used to estimate costs in beverage production. 4) 5) The cost-allocation base is a systematic way to link an indirect cost or group of indirect costs to cost 5) objects. 6) A cost object is anything for which a measurement of costs is desired. 6) 7) Direct costs are allocated to the cost object using a cost-allocation method. 7) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 8) Job costing: 8) A) is commonly used when each unit of output is identical B) can only be used in manufacturing C) allocates an equal amount of cost to each unit made during a time period D) records the flow of costs for each customer 9) Job-costing may only be used by: 9) A) manufacturing companies B) service companies C) merchandising companies D) All of these may use job-costing. 10) is the process of distributing indirect costs to products. 10) A) Cost pooling B) Cost tracing C) Cost allocation D) Job cost recording 11) The budgeted indirect-cost rate is calculated: 11) A) at the end of each quarter B) at the beginning of the year C) at the end of the year D) during the year