Question: (Joint process outputs and allocation methods) Provide five examples of businesses that engage in joint processes. For each of these businesses, describe the following: a.

(Joint process outputs and allocation methods) Provide five examples of businesses that engage in joint processes. For each of these businesses, describe the following:

a. The various outputs, classified as joint products, by-products, scrap, or waste.

b. Your recommendation of the most appropriate methods of allocating joint costs to the output you have described in part

a. Express, in nontechnical terms, your justification for each of your recommendations.

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