22) What method is used when joint costs are allocated according to each item's relative proportion of weight at the splitoff point? A) direct proportion method B) proportional value method C) physical measure method D) weighted sales value method E) constant margin method 24) The selection of a joint cost allocation method assists managers in which of the following decisions? A) allocating inventoriable costs B) total cost minimization C) joint costs minimization D) adding or dropping a product line E) sell or process further 25) Which statement is NOT true regarding the sales method of accounting for byproducts? A) The method makes no journal entries until the byproduct is sold. B) This method is the preferred method because of the matching principle. C) Revenues of the byproduct can be recorded in the income statement as revenue. D) Revenues of the byproduct are not recorded at the time of production. E) No value is attached to the byproduct inventory. 26) Which of the following is FALSE concerning process costing? A) Process costing can only be used in manufacturing. B) Process costing is used when outputs are homogeneous. C) In process costing, labour and overhead costs are often combined and classified as conversi costs. D) In process costing, some units will be incomplete at the end of the period E) Process costing averages unit costs of production.