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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. The costs cannot be directly assigned to any one of the outputs involved. Allocation is not always needed when joint costs are involved. Joint costs are the cost of resources employed jointly in the production of two or more outputs
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