date whether the statement in orfa Managerial accounting reports must be prepared according to generally accepted accounting principles 1. True b. False 2. In most business organisations, the chief accountant is called the 2. Tree False 3. Managerial accounting provides useful information person plat.com a. The b. False 4. The cost of minuluctured product yerally comity of direct materials com direct labee cost, and factory overhead cost a. The b. False 5. Depreciation on factory plant und equipment is me example of factory overhead con a. The b. False 6. Cost of oil used to lubricate factory machinery and equipment is a comple of direct materials cost. a. The False 7. A jeb order cent system would be appropriate for a crude oil refining berdines b. False 8. If factory overhead applied exceeds the actual costs, everhead is said to be underupplied. False 9. The current year's advertising costs are normally considered period cost 6. False 0. Direct labor cost is an ample of a periodo a fnue b. Fale True 2.The Tup w tym