Which of these statements is NOT true? A direct cost is a cost that can be easily traced to the particular cost object under consideration. Manufacturing overhead is part of conversion costs. Indirect labor is included in both period and conversion costs. The sum of prime costs and conversion costs does not equal manufacturing (product) costs. OOOO Which of the following statements is correct in describing manufacturing overhead? Manufacturing overhead when combined with direct materials cost forms conversion cost. Manufacturing overhead consists of all manufacturing cost except for prime cost. Manufacturing overhead is a period cost. Manufacturing overhead when combined with direct labor cost forms prime cost OOOO Which of these statements is TRUE? The cost of an airport paying for cleaning its runways is a variable overhead cost. The cost of a law firm paying its lawyers for hours worked on a case is a variable indirect labor cost. The cost of shipping silverware sets to customers is a variable product cost. The cost of an instrument maker paying its store manager her monthly salary is a variable period cost. Tolouse Corporation reports that at an activity level of 7,800 units, its total variable cost is $916,119 and its total fixed cost is $234,689. What would be the total cost, both fixed and variable, at an activity level of 8,900 units? Assume that this level of activity is within the relevant range. $1,280,004 $1,191,000 $1,179,090 $1,202,910