Cost Accounting Foundations and Evolutions by Raiborn (8th ed.

Chapter 11--Allocation of Joint Costs and Accounting for By-Products




LEARNING OBJECTIVES



LO 1 How are the outputs of a joint process classified?

LO 2 At what point in a process are joint products identifiable?

LO 3 What management decisions must be made before beginning a joint process?

LO 4 How is the joint cost of production allocated to joint products?

LO 5 How are by-products and scrap accounted for?

LO 6 How should not-for-profit organizations account for joint costs?



QUESTION GRID



True/False

Difficulty Level Learning Objectives

Moderat
Easy e Difficult LO 1 LO 2 LO 3 LO 4 LO 5 LO 6

1 x x

2 x x

3 x x

4 x x

5 x x

6 x x

7 x x

8 x x

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11 x x



1

, 12 x x

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25 x x

Completion

Difficulty Level Learning Objectives

Moderat
Easy e Difficult LO 1 LO 2 LO 3 LO 4 LO 5 LO 6

1 x x

2 x x

3 x x

Difficulty Level Learning Objectives

Moderat
Easy e Difficult LO 1 LO 2 LO 3 LO 4 LO 5 LO 6

4 x x

5 x x

6 x x

7 x x

8 x x

9 X x




2

,Multiple Choice

Difficulty Level Learning Objectives

Moderat
Easy e Difficult LO 1 LO 2 LO 3 LO 4 LO 5 LO 6

1 x x

2 x x

3 x x

4 x x

5 x x

6 x x

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3

, 29 x x

30 x x

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Difficulty Level Learning Objectives

Moderat
Easy e Difficult LO 1 LO 2 LO 3 LO 4 LO 5 LO 6

40 x x

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55 x x




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