| Cost Allocation: Departments, Joint Products, and By-Products
After studying the chapter, you should be able to . . . - Identify the strategic role and objectives of cost allocation
- Explain the ethical issues of cost allocation
- Use the three steps of departmental cost allocation
- Explain the implementation issues of the different departmental cost allocation methods
- Explain the use of cost allocation in service firms
- Use the three joint product costing methods
- Use the four by-product costing methods
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