The split-off point in a process that produces joint products is the point in the manufacturing process at which the joint products are sent to separate customers.

True

False

One of the advantages of allocating common fixed costs to a product is that such allocations more accurately reflect the product's true profitability.

True

False

A vertically integrated company is more dependent on its suppliers than a company that is not vertically integrated.

True

False

Depreciation expense on existing factory equipment is usually irrelevant in a decision of whether to accept or reject a special offer for a company's product.

True

False