5
Learning Objective 2
Distinguish joint products
from byproducts.
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Joint Products and Byproducts
Main Products
Joint Products
Byproducts
High
Low
Sales Value
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Learning Objective 3
Explain why joint costs should be
allocated to individual products.
©2003 Prentice Hall Business Publishing, Cost Accounting…
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