Question 65 1 pts All of the following are methods of costing by-products except the: O recognition of gross revenue method O market value method O average unit cost method O recognition of net revenue method Question 64 1 pts The characteristic that is most often used to distinguish a product as either a joint product or a by-product is the: O amount (i.e., weight, inches, etc.) of the product produced in the manufacturing process O amount of labor used in processing the product O amount of separable product costs that are incurred in processing O relative sales value of the products produced in the process 1 pts Question 63 The assignment of raw material costs to the major end products resulting from refining a barrel of crude oil is best described as: O variable costing incremental costing O joint costing O indirect costing Question 62 1 pts The allocation of joint costs to individual products is useful primarily for purposes of: O determining the best market price deciding whether to sell at the split-off point O determining whether to produce one of the joint products o inventory costing