Item 27

2 points

Time Remaining 1 hour 5 minutes 34 seconds

01:05:34

In a sell-or-process-further decision, joint production costs:

Multiple Choice

• Usually are traceable to individual products/outputs.

• Cannot be allocated to products for financial reporting purposes.

• Are irrelevant to the decision.

• Should be allocated to outputs based on relative physical units.

• Should be allocated to outputs based on relative sales dollars.