Select a company in an industry that would use a joint cost process.

Give some background on the company you have selected.

Assume the role Cost Accountant at the company you have selected and complete the following:

1. Describe the joint products you assume are being produced at this company.

2. Based on the Industry, suggest the best method of allocating joint costs. Discuss why you feel this is the best method.

3. Discuss any possibility of a by product.

4. Discuss any qualitative factors upon choosing a method of joint cost allocation.