True or False? In process costing, materials equivalent units are never figured separately from conversion equivalent units, as it is impossible for timing differences between when materials costs and conversion costs go into the product to exist.

True or False? In process costing, average unit cost is determined by using total units as the numerator at the top of the fraction and by using total manufacturing costs as the denominator at the bottom of the fraction with which it is calculated.

True or False? Job order costing works best where one standardized product of relatively low value is being produced for long, continuous production runs.

True or False? To compute the balance in ending Work-In-Process Inventory for a firm that uses a job order costing system, the costs on the job cost sheets for all jobs that have been started but are not yet complete are summed.

True or False? In a job order costing system, overhead should be applied only when the job is at the point of completion.