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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
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Joint costs are incurred in a service department.
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Assignment is made through one or more consistent allocation procedures.
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Allocation is not always needed when joint costs are involved.
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The costs cannot be directly assigned to any one of the outputs involved.
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Joint costs are the cost of resources employed jointly in the production of two or more outputs.
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