Joint costs are allocated to which of the following products?
$\text {\underline{ By-products} }$ $\text {\underline{Scrap} }$

A)yes yes
B)yes no
C)no no
D)no yes

Question

Joint costs are allocated to which of the following products?
$\text {\underline{ By-products} }$                             $\text {\underline{Scrap} }$

A)yes yes
B)yes no
C)no no
D)no yes

Quizplus · Accepted Answer

Joint costs are allocated to the main products of a production process, not to by-products or scrap. By-products may receive an allocation of costs for accounting purposes, but this is not considered part of the joint costs allocation. Scrap typically does not receive any allocation of joint costs.

Joint Costs Are Allocated to Which of the Following Products By-products‾ \text {\underline{ By-products} } By-products​

Joint Costs Are Allocated to Which of the Following Products $\text {\underline{ By-products} }$