Which of the following statements regarding joint cost allocation isFalse?
A) There is no precise way to trace joint-process costs to joint product
B) Manufacturing companies are required to use joint-cost allocations for financial accounting and tax . reporting purposes to value inventories
C) Joint costs should not be allocated to products in estimating casualty losses because such allocation is too arbitrary in nature
D) Improper management decisions can result if managers regard average joint costs per unit as unit-level or marginal costs

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements regarding joint cost allocation isFalse?
A) There is no precise way to trace joint-process costs to joint product
B) Manufacturing companies are required to use joint-cost allocations for financial accounting and tax . reporting purposes to value inventories
C) Joint costs should not be allocated to products in estimating casualty losses because such allocation is too arbitrary in nature
D) Improper management decisions can result if managers regard average joint costs per unit as unit-level or marginal costs

Which of the Following Statements Regarding Joint Cost Allocation IsFalse