True or false

After the split-off point, new costs incurred are not traced to the individual joint products because the costs are needed for both products.? True or false?

The direct method of allocating support department costs to production using the ABC method is the easiest and least accurate.? - True or false?

Managers at Valvco, Inc., will need to undertake an analysis and interpretation of product costs that include joint costs with great care and understanding. true or false?

The revenues from by-products may be used to offset the costs of the joint production process or they may be reported as other revenue on the income statement (with no related cost of goods sold). true or false?

Before the split-off point, costs are not traced to the individual joint products because the costs are needed for both products? True or false?