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    Fundamentals of Cost Accounting Study Set 3
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    Exam 11: Service Department and Joint Cost Allocation
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    Describe Two Methods of Accounting for By-Products
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Describe Two Methods of Accounting for By-Products

Question 46

Question 46

Essay

Describe two methods of accounting for by-products. What effects do these methods have on the allocation of the joint cost to the main products?

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One method is to assign a value to the b...

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