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Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

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Nội dung chi tiết: Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

Allocation of Joint Costs and Accounting for By-Product/ScrapObjectivesAfter completing this chapter, you should be able to answer the following quest

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2tions:LO.l How are the outputs of a joint process classified?LO.2 What management decisions must be made before beginning a joint process?LO.3 How is

the joint cost of production allocated to joint products?LO.4 How are by-product and scrap accounted for?LO.5 How should not-for-profit organizations Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

account for the cost of a joint activity?475Chapter 11 Allocation of Joint Costs and Accounting for By-ProducVScrapprocess. For example, Perdue Farms

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

would never undertake poultry processing simply to generate the by-product that is made into fertilizer or livestock feed. Krispy Kreme would never un

Allocation of Joint Costs and Accounting for By-Product/ScrapObjectivesAfter completing this chapter, you should be able to answer the following quest

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2te the bark that is burned to produce power and steam.A final residual output from a joint process is waste, which has no sales value. The expense inc

urred in waste disposal may exceed its production costs in some industries. However; many companies have learned either to minimize their production w Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

aste by changing then processing techniques or to reclassify waste as by-product OỈ scrap by finding a use that generates some minima] amount of reven

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

ue.Over time, a product classification may change because of technology advances, consumer demand, or ecological factors. New joint products may be de

Allocation of Joint Costs and Accounting for By-Product/ScrapObjectivesAfter completing this chapter, you should be able to answer the following quest

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2 reclassified as joint products, and some joint products can be reduced to the by-product category. Even products originally viewed as scrap or waste

can be upgradedInstead of throwing away day-old bread or bagels, a bakery may decide to use them to make croutons, allowing what would havebeen waste Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

to be reclassified as aby-product or scrap.I I II ị 8Exhibit 11-1 I Products from SoybeansSoy FoodsNonediblc ProductsAnimal feed^^At£e^es a■■■■■Butter

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2

Biodiesel fuelCerealsBuỉding materialsChocolate coatings""candlesCoffeeCosmeticsFlourCrayonsMilk and creamersDisinfectantsOilFiber (Yarn)SauceFoam for

Allocation of Joint Costs and Accounting for By-Product/ScrapObjectivesAfter completing this chapter, you should be able to answer the following quest

Ebook Cost accounting - Foundations and evolutions (8th edition): Part 2bicidesPharmaceuticalsPlasticsPrinting inks

Allocation of Joint Costs and Accounting for By-Product/ScrapObjectivesAfter completing this chapter, you should be able to answer the following quest

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