Conversion costs. H ULY. 27) Process costing systems are commonly used by systems are commonly used by companies that produce a large volume of standardized units on a continuous basis. A) True B) False 28) Managerial accounting provides financial and nonfinancial information to an organization's managers and other internal decision makers. A) True B) False 29) Equivalent units of production refer to the number of units that could have been started and completed given the costs incurred during the period. A) True B) False 30) Which of the following costs is not included in factory overhead? A) Indirect labor. B) Depreciation of manufacturing equipment. C) Direct materials. D) Manufacturing supplies used F) Payroll taxes on the waves ar metary supervisor