'Net realizable value method' presentation slideshows

Cost Allocation: Departments, Joint Products, and By-Products

Chapter Seven. Cost Allocation: Departments, Joint Products, and By-Products. Learning Objectives. Identify the strategic role of cost allocation Explain the ethical issues of cost allocation Use three methods for allocating service department costs to production departments

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CHAPTER 16

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CHAPTER 16

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Joint Product and By-Product Costing

Joint Product and By-Product Costing. Prepared by Douglas Cloud Pepperdine University. Objectives. 1. Identify the characteristics of the joint production process. 2. Allocate joint product costs according to the benefits-received approaches and the relative market value approaches.

2.43k views • 20 slides

CHAPTER 16

CHAPTER 16. Cost Allocation: Joint Products and Byproducts. Joint Cost Terminology. Joint Costs costs of a single production process that yields multiple products simultaneously Splitoff Point the place in a joint production process where two or more products become separately identifiable

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CHAPTER 08

CHAPTER 08. Joint Products and Byproducts. Joint Products. Joint products are two or more products separated in the course of processing, each having sufficiently high saleable value. For example: Products from oil refining process petrol and deisel.

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Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap

Chapter 11: Allocation of Joint Costs and Accounting for By-Product/Scrap. Cost Accounting Principles, 9e. Raiborn ? Kinney. Learning Objectives . How are the outputs of a joint process classified? What management decisions must be made before beginning a joint process?

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Joint Product and By-Product Costing

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Chapter 9 Joint Product and By-Product Costing

Chapter 9 Joint Product and By-Product Costing. Key Topics: Joint processes and common costs Main products and byproducts Allocation methods Choosing a method Using joint cost allocation information Decisions to process further Choosing a method Uses of joint costing information.

513 views • 14 slides