this is for cost accounting

21. If two or more products share a common process before they are separated, the joint costs should be allocated in a manner that: a., Assigns a proportionate amount of the total cost to each product equitably b. Maximizes total earnings. c. Minimizes variations in a unit of production cost. d. Does not introduce an element of estimation into the process of accumulating costs for each product 22. Iy a company using the adjusted sales value method to assign joint costs produces two products, A and ,from a joint process, and B requires additional processing after the split-off in order to be salable, how the joint cost allocated to B determined? a. The costs of the additional processing are ignored in allocating joint costs b. The costs of the additional processing are subtracted from the joint costs allocated to B c. The relative sales value used to allocate the joint cost are determined after the costs of processing are subtracted from the ultimate sales value of B. d.None of these are correct. 23. Thomas Lumber Company produces furniture grade lumber and building grade lumber from a joint process. Sawdust, a by-product of the manufacturing process is sold to a local toy manufacturer to stuff er toys for $10 per ton. In February, the company produced 3,000 tons of sawdust. What is the ent ry to reduce the cost of the main products by the estimated sales value of the by-product? a.) By-product inventory $30,000 Work in process $30,000 b. Work in process $30,000 Other income $30,000 . Cost of goods sold $30,000