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Question 18 (1 point) Revenues for Byproducts from a joint process are recognized O at the time the byproducts are sold by reducing the cost
Question 18 (1 point) Revenues for "Byproducts from a joint process" are recognized O at the time the byproducts are sold by reducing the cost of goods sold when the byproducts are produced, at the total expected sales value of the byproducts either listed answer is possible Onone of the listed answers are correct Question 19 (1 point) Which industries would most likely use "process costing" accounting techniques oil refineries, meat packing plants, ship builders designer clothing manufacturers, meat packing plants, dairies oil refineries, meat packing plants, dairies custom boat builders, meat packing plants, dairies Question 20 (1 point) Where WIP inventories exist, front line production managers may be required to all of the listed answers are correct O provide accurate estimates of % completions re. WIP O provide accurate counts of fully completed unit #'s O provide accurate counts of WIP unit #'s
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