Question 1: What is outsourcing? Why the practice is fervently debated in the United States?
Question 2: (Relevant Costs) Assume that you are about to graduate from your university and are deciding whether to apply for graduate school or enter the job market. To Help make the decision, you have gathered the following data:
Question 3: By what criteria would management determine whether to proceed with processing at each decision point in a joint production process?
Question 4: Compare the advantages & disadvantages of the two primary methods used to allocate joint cost to joint products.
Question 5: Which of the two common approaches used to account for by product/scrap provides better information to management? Discuss the rationale for your answer.