3. Which of the following statements is NOT true regarding joint costs? [ ] A) Joint costs oecur because there is one input that generates two or more products: B) Joint costs can ouly be assigned to products by an allocation process. C) Joint costs do not need to be allocated to products for financial/tax reporting purposes D) Joint costs are sunk costs for intermal decision-making purposes such as a sell-orprocess further decision. 4. Which of the following statements describing the alternative methods of joint cost allocation is false? [1 A) Under the physical-measures method, a greater amount of joint costs will be allocated to the high-volume product than to the low-volume product. B) Under the net realizablo value method, the gross margin as a \% of total revenue will be identical for all joint products. C) The sales value at split-off method can be used even when the further processing costs of a product are unknown. D) The constant gross margin percentage method will allocate joint costs, such that each product claims the same level of contribution to the company's profit after joint cost allocation. 5. Which of the following is NOT a recognized method of allocating costs of service departments to user dejartments? A) The reciprocal method B) The nei realizable vahue method C) The direet method D) The step method