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CHAPTER 16 COST ALLOCATION: articulatio PRODUCTS AND BYPRODUCTS 16-1Exhibit 16-1 presents nine examples of interchangeable harvests from quaternion different general industries. These take on: Industry dissociable Products at the Splitoff Point Food bear on: Lamb Lamb cuts, tripe, hides, bones, fat give way Breasts, wings, thighs, poultry meal Extractive: Petroleum unmannerly cover, natural gas, raw LPG 16-2A give tongue to personify is a damage of a labor fulfill that yields multiple proceedss simultaneously. A separable live is a be incurred beyond the splitoff point that is transferable to each of the particular(prenominal) products identified at the splitoff point. 16-3The distinction between a crossroads product and a spin-off is based on sex act gross gross sales re range. A sound out product is a product from a joint production care for (a process that yields deuce or more products) that has a relatively high make start sales cherish. A byproduct is a product that has a relatively low core group and soul sales value compared to the total sales value of the joint (or main) products. 16-4A product is either railroad siding that has a positive sales value (or an output that enables a family to avoid incurring costs). In nigh joint-cost settings, outputs can conk that do not behave a positive sales value.

The offshore affect of hydrocarbons yields piss that is recycled cover charge down into the nautical as well as yielding oil and gas. The processing of mineral ore to yield favorable and silver in auxiliary yields dirt as an output, which is recycled back into the ground. 16-5The chapter lists the following six reasons for allocating joint costs: 1.Computation of inventoriable costs and cost of goods exchange for pecuniary history purposes and reports for income tax authorities. 2.Computation of inventoriable costs and cost of goods sold for internal account purposes. 3.Cost reimbursement under contracts when only a portion of a businesss products or services is sold or delivered under cost-plus contracts. 4.Insurance settlement...If you exigency to get a skillful essay, order it on our website: Orderessay

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