1. True/False (15 points) 1 2 3 4 5 6 7 8 9 10 1.1. Under applied overhead occurs when the manufacturing overhead allocated to work in process inventory is less than the amount actually incurred True False 1.2.Job costing systems accumulate costs for each individual job True False 1.3. Manufacturing overhead is credited for actual manufacturing overhead costs incurred throughout the year True False 1.4. Raw materials are assigned to a job when the materials are issued by the materials storeroom True False 1.5. Manufacturing overhead includes all manufacturing costs except direct materials and direct labor True False 1.6.When incurred, factory labor cost are debited to work in process True False 1.7. Managerial accounting develops reports for internal parties True False 1.8.Cost of goods manufactured over units produced equals the unit product cost True False 1.9. Labor costs that are directly traceable to the product are part of manufacturing overhead True False 1.10. Managerial accounting reports can be described as general-purpose. True False