QUESTION 3 The revenue from by-products may be recognized 1. At the time of production II. At the time of sale III. Without having joint costs allocated to them a. I and III O b. I, II, and 111 O c. I, only O d. II, and 111 QUESTION 4 The allocation method that allocates fixed and variable costs separately is the O a. Direct rate Method O b. Step-down method c. Single rate method Od. Dual rate method