CHAPTER 7 Joint Product and By-Product Costing LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. Identify the characteristics of the joint production…

This chapter applies your knowledge of cost and revenue behavior, obtained in the previous chapters, to a variety of operating decisions. The framework for such decisions…

Slide 1Methods of Allocating Costs -Overview 1. Review the three Method of Allocating Costs. -Direct Method -Step Down Method -Reciprocal Method 2. Discuss the strengths…

Methods of Allocating Costs - Overview 1. Review the three Method of Allocating Costs. - Direct Method - Step Down Method - Reciprocal Method 2. Discuss the strengths and…

Slide 1 7-1 Joint Product and By- Product Costing Prepared by Douglas Cloud Pepperdine University Prepared by Douglas Cloud Pepperdine University Slide 2 7-2 1.Identify the…

Slide 1 PPT 7 -1 Don R. Hansen Maryanne M. Mowen COST MANAGEMENT Slide 2 PPT 7 -2 Joint Product and By-Product Costing Chapter Seven Slide 3 PPT 7 -3 Learning Objectives…

Slide 1 Cost and Revenue Allocations EMBA 5412 Fall 2010 Slide 2 2 Introduction  We will emphasize the allocation of costs to divisions, plants, departments, and contracts;…