When preparing a flexible budget, ____ remain the same regardless of the output levels as long as the company is producing within the relevant range. Variable costs Fixed costs Total costs Budgeted costs Which of the following statements regarding joint cost allocation is False? There is no precise way to trace joint-process costs to joint product Manufacturing companies are required to use joint-cost allocutions for financial accounting and tax reporting purposes to value inventories Joint costs should not be allocated to products in estimating casualty losses because such allocation is too arbitrary in nature Improper management decisions can result if managers regard average joint costs per unit as unit-level or marginal costs