4. In making decisions about whether to sell at split-off or process joint products further, the allocation of joint manufacturing costs is treated as a(n):

a. Essential cost

b. Weighted average cost

c. Sunk cost

d. Period cost

5. The objectives of cost allocation are to:

a. Motivate effort, provide incentives, and fairly determine rewards.

b. Accurately define, divide, and allocate direct costs.

c. Value, measure, and interpret cost data.

d. Connect, communicate, and discern information