true or false

14. In a process costing system. partially completed units in Work-in-Process Inventory are typically converted to equivalent completed units. 15. Before purchasing an Enterprise Resource Planning (ERP) system, companies must confirm that the benefits of an ERP system will outweigh the costs of implementation 16. Underapplied overhead occurs when actual overhead costs are lower than overhead costs applied to jobs. 17. Total companywide estimated overhead costs will change depending on if plant wide allocation or departmental allocation is used. 18. Aprocess costing system is used by companies that make identical units of product in batches. 19. Because direct materials, direct labor, and overhead may enter a process at varying stages, equivalent units in Work-in-Process Inventory may be different for each of these components of production 20. Companies that use the least number of cost pools possible tend to have the most accurate overhead allocation process. 21. If 10 physical units of product are 30 percent complete at the end of the period, an equivalent of 3 completed units will be used for process costing calculations. 22. Activity-based costing breaks total estimated overhead costs out into different departments to establish an overhead rate for each department. 23. Appraisal costs are the same as detection costs. 24. Two important double-checks included in a production cost report are: (1) units to be accounted for matches units accounted for and (2) total costs to be accounted for matches total costs accounted for. 25. Indirect manufacturing costs are easily traceable to products. 26. The three most common allocation bases for establishing a predetermined overhead rate include direct labor hours, machine hours, and direct labor costs