Asked by
Siseneg Zeñun
on Oct 23, 2024
Verified
Which of these statements about joint cost allocation is false?
A) It is useful in deciding whether to process further a joint product after split-off.
B) It is not useful in making accurate profit determination about individual joint products from given data.
C) It can be accomplished using the physical units method approach.
D) It can be used to value inventory.
Joint Cost Allocation
The process of assigning the costs of a production process that yields multiple products to those products in a rational and consistent manner.
Split-Off
A point in the manufacturing process where multiple products are generated from a single process or input.
- Scrutinize the processes involved in joint production, how joint costs are allocated, and the fiscal decisions tied to either additional processing or disposal at split-off.
Verified Answer
LP
Learning Objectives
- Scrutinize the processes involved in joint production, how joint costs are allocated, and the fiscal decisions tied to either additional processing or disposal at split-off.