and to Appendix B of the chapter. Add the following method: e. Net realizable value less normal
Question:
and to Appendix B of the chapter. Add the following method:
e. Net realizable value less normal profit margin of by-product produced deducted from cost of major product produced.
Assume that the normal profit margin on the sale of the by-product is 12 percent of selling price, or $.18 per unit. Show the effects of method
(e) by adding it to the tabular comparison of c and
d. How does method d differ from Method Two in Exhibit 17-2?
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