Joint costs may be allocated to main products, but not to by-products.

True
False

Joint costs are allocated to joint products to

obtain a cost per unit for financial statement purposes.
provide accurate management information on production costs of each type of product.
compute variances from expected costs for each joint product.
allow the use of high-low analysis by the company.

When allocating joint process cost based on tons of output, all products will
be salable at split-off.
have the same joint cost per ton.
have a sales value greater than their costs.
have no disposal costs at the split-off point.