________-cost allocation is arbitrary and mangers generally have a lot less discretion in choosing a method,unlike the choice of the weighted-average or FIFO method in process costing.
A)Zero
B)Joint
C)Single
D)Common
E)Operation

Question

Quizplus · Accepted Answer

Joint-cost allocation refers to the process of distributing common costs across different products or departments. Since these costs cannot be easily traced to a single product, joint-cost allocation methods are often arbitrary and dependent on the discretion of the manager. Therefore, the best choice for the question would be B) Joint-cost allocation.

________-Cost Allocation Is Arbitrary and Mangers Generally Have a Lot