AutoSave OFF A ? . CG90 ... ACT 215-Exam 2-Summer 2021 (1) - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Times New... v 12 A A Aa Ap AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEE AaBb( AaBbCCDdEE Paste BIUvab X x A DAY Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Dictate Sensitivity Pane 7. Products for process costing are the ones that are produced in physically continuous form. a) True b False 8. Job costing is generally used for custom-made products, but not for mass-produced products. a) True b) False 9. Components of product cost of process costing are the same as those of job order costing: direct materials, direct labor, and factory overhead a) True b) False 10. In a process costing system, production cost report provides data on how much is transferred out of each work-in-process and on how much is remaining in each work-in- process. a) True b) False 1 1. Under job order costing, each job carries its job-cost data, but, at a factory level, the job- cost data for all the jobs wouldn't be maintained on controlling accounts. a) True b) False 12. At a manufacturing plant, all the costs other than direct-materials cost and direct-labor cost are inventorialized as manufacturing-overhead cost first and then transferred to work-in-process a) True b) False Page 2 of 8 1013 words x English (United States) Focus E + 133%