Question: With regard to cost allocation, which statement is NOT true? Cost allocations often have a misleading appearance of precision. Allocation implies causation. Relevant costs to

With regard to cost allocation, which statement is NOT true? Cost allocations often have a misleading appearance of precision. Allocation implies causation. Relevant costs to be allocated depend upon the purpose of the allocation. In most situations, there will be a uniquely correct method of allocation available.

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