Final answer:
The statement is false; fixed costs in a value stream include more than just the charge per square foot, encompassing other fixed expenses like machinery, R&D, and advertising.
Step-by-step explanation:
The statement that typically the only allocated cost in the value stream is a charge per square foot for the value stream production facility is False. In cost accounting, costs are generally categorized into fixed and variable costs. Fixed costs, such as rent for production facilities, are those that do not change with the level of production. However, fixed costs can include various other expenses as well, such as the cost of machinery, research and development costs, and advertising, all of which are unrelated to how much is produced. Hence, there are multiple types of fixed costs allocated in a value stream, not just the charge per square foot.