In Joint Costing, Which of the Following Changes May Lead

question 137

Multiple Choice

In joint costing, which of the following changes may lead to a change in product classification?

• A) main product sales price increases due to a new application
• B) byproduct sales price decreases due to a new government regulation
• C) main product becomes technologically obsolete and it's market value falls significantly
• D) byproduct losses value due to a competing products

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Definitions:

Approaches

Various methods or strategies used in a particular field or discipline to address issues or solve problems.

Frederick Taylor

An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management, proposing that by optimizing and simplifying jobs, productivity would increase.

Scientific Management

A theory in management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Worker Productivity

The measure of the efficiency of a worker or group of workers in converting inputs into useful outputs.