Indicate Whether Each of the Following Statements Is True or False

Essay

Indicate whether each of the following statements is true or false.
In an activity-based costing system,the same amount of facility-level costs should be assigned to all products.______
Raw materials inventory holding costs are usually classified as unit-level costs.______
Costs associated with obtaining and defending a patent generally would be classified as product-level costs.______
Activities that benefit the production process as a whole are product-level activities.______
Manufacturing equipment depreciation is classified as a facility-level activity.______