True/False Indicate whether the statement is true or false. 1. Advertising is a product cost as long as it promotes specific products. 2. If the finished goods inventory decreases between the beginning and the end of a period, then the cost of goods manufactured for the period is larger than the cost of goods sold 3. Predetermined overhead rates are based on actual cost and activity data. 4. In activity-based costing, a separate activity rate (i.e., predetermined overhead rate) is computed for each activity cost pool by dividing the estimated overhead cost in the activity cost pool by the total expected activity for the activity cost pool.