Write the word TRUE if the following statement is true, otherwise FALSE . 1 If a job is not completed at year end, then no overhead cost should be applied to that job. 2 The cost sheet is the support document for raw materials 3 As current technology changes manufacturing process, it is likely that direct labor will increase. 4 A company is more likely to use job order cost system if it uses a periodic inventory system 5 One best 'description' of traditional accounting could refer to accounts used to determine cost of goods sold. 6 When the amount of overapplied factory overhead is significant, the entry to close it will most likely require

a debit to cost of goods sold.

7 A non-manufacturing organization may use job order costing but not process costing. 8 A job order cost system is most appropriate when a large volume of uniform products are produced 9 Job Order Cost Sheets' constitute the subsidiary ledger of the control account "Work In Process" inventory 10 Once production is completed, the job cost sheet can be discarded