Which of the following statements is FALSE about job-order costing system: O a. Actual direct labor and Actual direct materials are used to calculate total manufacturing cost. O b. Applied manufacturing overhead costs are traceable costs. O c. All of the given answers are true. O d. Applied manufacturing overhead costs are used to calculate total manufacturing cost. O e. Actual overhead for the period is not known until the end of the period. Which of the following statements is not correct concerning multiple overhead rate systems? O a. A company may choose to create the same overhead rate for each of its production departments. O b. A multiple overhead rate system is usually more accurate than a system based on a single plantwide overhead rate. O c. A multiple overhead rate system is more complex than a system based on a single plantwide overhead rate. O d. None of the given answers. O e. In departments that are relatively labor-intensive, their overhead costs should be applied to jobs based on direct labor-hours rather than on machine-hours. Time lett 0:33:52 Which one of the following is correct regarding the predetermined overhead rate? O a. The predetermined overhead rate uses actual figures for the manufacturing overhead cost but estimated figures for the cost allocation basis amount. O b. The predetermined overhead rate uses actual figures for the manufacturing overhead cost and actual figures for the cost allocation basis amount. O c. The predetermined overhead rate uses estimated figures for the manufacturing overhead cost but actual figures for the cost allocation basis amount. O d. None of the given answers. O e. The predetermined overhead rate uses estimated figures for the manufacturing overhead cost and estimated figures for the cost allocation basis amount