Revenue from sales of the by-product can be listed in the income statement as: a. additional cost to the product b. a deduction from the total manufacturing cost of the by-product c. a deduction from the cost of goods sold of the by-product d. additional sales revenue

Revenue from sales of the by-product can be listed in the income statement as: a. additional cost to the product b. a deduction from the total manufacturing cost of the by-product c. a deduction from the cost of goods sold of the by-product d. additional sales revenue

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5MC: Which of the following represents the components of the income statement for a manufacturing...

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Question

Revenue from sales of the by-product can be listed in the income statement as:

a. additional cost to the product

b. a deduction from the total manufacturing cost of the by-product

c. a deduction from the cost of goods sold of the by-product

d. additional sales revenue

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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