Question: NEED ANSWER ASAP ANSWER THROUGHLY COPY AND PASTE ANSWER NOT ATTACHMENT Allocating joint costs and costs of byproducts allows managers to examine cost and profitability

NEED ANSWER ASAP

ANSWER THROUGHLY

COPY AND PASTE ANSWER NOT ATTACHMENT

Allocating joint costs and costs of byproducts allows managers to examine cost and profitability associated with each of the products they produce enabling them to establish goals related to product-mix. Your discussion topic this week focuses on joint costs and byproducts. Please respond to all of the following prompts:

1.Give two examples of industries in which joint costs are found. For each example, what are the individual products at the split-off point?

2.Why might managers seeking a monthly bonus based on attaining a target operating income prefer the sales method of accounting for byproducts rather than the production method?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Allocating joint costs and costs of byproducts allows managers to examine cost and profitability associated with each of the products they produce enabling them to establish goals related to...

CASE 420 Ethics and the Manager, Understanding the Impact of Percentage Completion on ProfitWeighted-Average Method [Course Objective B] Gary Stevens and Mary James are production managers in the...

Capital Budgeting Decision Hampton Company: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the cans...

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

PLEASE COMPLETE NO LATER THAN 10/28 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

Can you please help me with questions 8 and 9 for Case 6..... I have answers to questions 1-7 if needed... Cases for Management Decision-Making CA-1 Suggested Uses of Cases Case Overview CASE 1 This...

Good Morning... I need help with questions 1-7 for Case 6 in the document attached...Please. Cases for Management Decision-Making CA-1 Suggested Uses of Cases Case Overview CASE 1 This case is the...

Please read carefully, all necessary information is attached, need to show work let me know if there is something missing. Microsoft word can be used thanks. You are Cindy, completing the analysis...

Go to www.nucor.com. At the top of the frame you will see the heading Our Story. Then click on Chapter 1 Corporate Overview and read the information under this tab and then click on Chapter 2 History...

Match each of the following histograms to the correct situation. 1. Ages of college students studying psychology at an undergraduate college. 2. Year (1 = First Year, 2 = Second Year, 3 = Third Year,...

Use the BIP branch-and-bound algorithm presented in Sec. 12.6 to solve the following problem interactively: Maximize Z = 2x1 x2 + 5x3 3x4 + 4x5, Subject to and xj is binary, for j = 1, 2, . . . , 5....

You are permitted, indeed encouraged, to discuss ways to solve the assignment with other people. Such discussions must be in terms of algorithms, not code. But you must implement the solution on your...

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

3-7 Why are disruptive technologies so difficult for even the companies that develop them?

3-6 It has been said that the advantage that leading- edge retailers such as Dell and Walmart have over their competition isnt technology; its their management. Do you agree? Why or why not?

3. Are there any disadvantages to mining customer data? Explain your answer. With the amount of data available to companies doubling every year, new sources of data, and innovations in data...