Final answer:
It is false that companies typically wait for accurate information about actual manufacturing overhead costs before pricing a job. Firms often use estimates and experiment with production levels to observe effects on profits, instead of having detailed total cost data. Government interventions can also affect cost estimations.
Step-by-step explanation:
The statement that companies typically wait for accurate information regarding actual manufacturing overhead costs before pricing a job is false. Companies often do not have detailed information to draw a complete total cost curve for every level of production. Because practical experiments with varying production levels to see their effects on profits are common, firms must frequently estimate costs and price jobs without definitive actual overhead figures. The complexities of such calculations involve not only cost of production considerations but also the impact of potential government interventions such as price controls, tariffs, or anti-dumping measures that complicate the estimation of true production costs.