Chapter 07 Joint Product and By-Product Costing [ppt]

After studying this Chapter 07 Joint Product and By-Product Costing, you should be able to:

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.
3. Describe methods of accounting for by-products
4. Explain why joint cost allocations may be misleading in management decision making.
5. Discuss why joint production is seldom found in service industries.

Download Slide Presentation Chapter 07 Joint Product and By-Product Costing

See also for downloading Slide Presentation Chapter 08 Budgetting For Planning Control