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Which of the following about joint costs is not true? Multiple Choice Joint costs are incurred in a service department. Assignment is made through one

Which of the following about joint costs is not true?

Multiple Choice

  • Joint costs are incurred in a service department.

  • Assignment is made through one or more consistent allocation procedures.

  • Allocation is not always needed when joint costs are involved.

  • The costs cannot be directly assigned to any one of the outputs involved.

  • Joint costs are the cost of resources employed jointly in the production of two or more outputs.

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