90.The work in process inventory account is debited when raw materials are placed into production.
True False
91.The work in process account is debited when production workers are paid.
True False
92.Actual overhead costs are charged (debited) to the work in process account as they occur.
True False
93.Service companies do not incur overhead costs.
True False
94.The predetermined overhead rate is found by dividing total estimated overhead costs by the total estimated volume of the overhead allocation base.
True False
95.For a manufacturer, direct costs include direct materials, direct labor, and manufacturing overhead.
True False
96.Manufacturing companies use a predetermined overhead rate; such rates are not used by service companies.
True False
97.Estimated overhead costs are applied to work in process at the time the goods are sold.
True False
98.Applied overhead costs are recorded as decreases in the manufacturing overhead account.
True False
99.If more overhead was applied than had been incurred, the balance in the manufacturing overhead account represents the amount of overapplied overhead.
True False