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1. Explain what is meant by the split-off point 2. Describe the two methods of allocating joint costs. 3. When should management ignore joint costs?

1. Explain what is meant by the "split-off" point

2. Describe the two methods of allocating joint costs.

3. When should management ignore joint costs?

4. Provide an example of joint costs in a manufacturing process - the example cannot be the one used on pages 358-359).

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