Which of the following is FALSE concerning the manufacturing of joint products and joint costing? A) The

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following is FALSE concerning the manufacturing of joint products and joint costing?

A) The number of outputs produced may exceed the number of products.

B) An output from the process may be recycled without any value being added by its production.

C) Some outputs from a joint process have no value and are not recognized in the accounting system.

D) The physical quantity of outputs not recognized in the accounting system, can exceed the quantities of outputs that recognized in the accounting system.

E) Joint processes always yield either scrap or byproducts.

Related Book For answer-question

Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders , Marcia Cornett

See More Books

Posted Date: Jan 05, 2021 04:06 AM

See More Questions

Which of the following is FALSE with respect to understanding data sets and related statistical analyses? It is not reasonable to use intuition when assessing results of statistical analyses. Using a...
Which of the following is false with regard to contract law? a. An exchange of promises can be consideration adequate to form a contract. b. To form a contract there must be an offer which is...
The following information is for Punta Company for July: a. Applied factory overhead costs to jobs at the predetermined rate of $42.50 per labor hour. Job S incurred 6,175 labor hours; Job T used...
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 2 + 3i 1-i
a. Draw a graph of the market demand curve and Minnies marginal revenue curve. b. Why is Minnies marginal revenue less than the price? Minnies Mineral Springs, a single-price monopoly, faces the...
How is the outcome of a customer service encounter improved by using a variety of questions?
What do systems interact with?
The partnership of Cox and Cohen paid the following ages during this year: M. Cox (partner) . . . . . . . . . . . . . . . . . $45,000 S. Cohen (partner) . . . . . . . . . . . . . . . . 26,000 N. Tate...
An ornithologist clocks an eagle diving at some prey at 82 m/s. He knows that this particular type of eagle typically dives from a height of 57 m and can accelerate 31 m/s. How fast might the eagle...
Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to...
Use the Maximum-minimum principle for the heat equation to show that the following problem has unique solution: du kvu in 2 f on an %3D (, 0) uo (x) in n.
List several potential problems with ratio analysis.
What is common size analysis?
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. The Securities and Exchange Commission requires that prospective investors review all of...
The dereliction of a duty to advise purchasers and users of dangers inherent in a product. a. product fl aw b. design de fect c. strict lia bility d. Master Settlement Agreement e. product lia bility...
A locations link or tie to a sale required in order for the location to collect sales tax. a. mediation b. primary ma rket c. nexus d. secondary ma rket e. arbitration
you will conduct a Micro-research project. You will make two original posts on the discussion board and two responses to your classmates during the unit. your 1st post: you will propose a simple...
U.S. households have become smaller over the years. The following table from the 2010 GSS contains information on the number of people currently aged 18 years or older living in a respondent's...
Based on economists forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: 1R1 = 5.65% E (2r1) = 6.75% ...... L2 = 0.05% E...
Describe the pay as you go funding method that is used by many federal and state or local government pension funds. What is the problem with this method that may damage the long- term viability of...
A particular securitys equilibrium rate of return is 8 percent. For all securities, the inflation risk premium is 1.75 percent and the real risk-free rate is 3.5 percent. The securitys liquidity risk...
An industrial press is mounted on a rubber pad to isolate it from its foundation. If the rubber pad is compressed $5 \mathrm{~mm}$ by the self weight of the press, find the natural frequency of the...
A spring-mass system has a natural period of $0.21 \mathrm{~s}$. What will be the new period if the spring constant is (a) increased by $50 \%$ and (b) decreased by $50 \%$ ?
An air-conditioning chiller unit weighing $10 \mathrm{kN}$ is to be supported by four air springs (Fig. 2.50). Design the air springs such that the natural frequency of vibration of the unit lies...

Which of the following is FALSE concerning the manufacturing of joint products and joint costing? A) The

Question:

Expert Answer:

ANSWER E Joint processes always yield either scrap or by products Explanation The false sta... View the full answer

Financial Markets and Institutions

Students also viewed these accounting questions