Direct materials are a conversion cost. Select one: a. TRUE b. FALSE Overhead may be assigned using Select one: a. Direct labor b. Direct materials c. Both A and B d. None of the abov Anticipated overhead is $100,000 and anticipated production is 100,000 units and there were 10,000 direct labor hours used . If overhead is applied using direct labor hours ,the overhead application rate is Select one: a. $1/DLH b. $2/DLH c. $10/DLH d. None of the above Direct labor is a conversion cost. Select one: a. TRUE b. FALSE Producing cans of evaporated milk would lend itself to a job order costing system. Select one: a. TRUE b. FALSE If anticipated overhead is $100,000 and anticipated production is 100,000 units, and the overhead application rate is based on direct labor hours, the overhead application rate per direct labor hour is Select one: a. $1/DLH b. $2/DLH c. Unable to tell from data given Prime costs are direct labor and overhead. Select one: a. TRUE b. FALSE Which of the following are indirect costs? Select one: a. Sandpaper b. Labor c. Direct materials d. None of the above Prime costs are Select one: a. Direct materials b. Direct labor c. Both A and B d. Neither A nor B Period costs may be contained in finished goods inventory. Select one: a. TRUE b. FALSE