Which of the following is FALSE concerning manufacturing of joint products and joint costing?
A)The number of outputs produced may exceed the number of products.
B)An output from the process may be recycled without any value being added by its production.
C)Some outputs from a joint process have no value and are not recognized in the accounting system.
D)The physical quantity of outputs not recognized in the accounting system, can exceed the quantities of outputs that recognized in the accounting system.
E)Joint processes always yield either scrap or byproducts.

Question

Quizplus · Accepted Answer

Joint processes may not always yield either scrap or byproducts. It is possible that some outputs may have no value and are not recognized in the accounting system, as mentioned in option C. However, options A, B, and D are true statements.

Which of the Following Is FALSE Concerning Manufacturing of Joint