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Great Sweets Candy Company produces various types of candies. Several candies could be sold at the split-off point or processed further and sold in a different form after further processing. The candies are produced in a joint processing operation with $500,000 of joint processing costs monthly, which are allocated based on pounds produced. Information concerning this process for a recent month appears below:
Question 1: The joint processing costs in this operation:
Select one:
a. should be ignored in determining whether to sell at split-off or process further.
b. should be allocated to products to determine whether they are sold at split-off or processed further.
c. are never included in product cost, as they are misleading to all management decisions.
d. should be ignored in making all product decisions.
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