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Cost Accounting Foundations and Evolutions by Raiborn (8th ed.
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Cost Accounting Foundations and Evolutions by Raiborn (8th ed.
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Chapter 11--Allocation of Joint Costs and Accounting for By-ProductsLEARNING 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
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Completion
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,Multiple Choice
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4
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