Blogging About Critters Since 2007

Thursday, February 17, 2011

Animals as Inputs in Accounting

I'm studying for the CPA exam and am working through Becker's online course review for the business section. Here's an example of "joint costs" that says all you need to know about animals as nothing more than inputs in a manufacturing process.

"The meat packing industry takes a single input, a steer, and produces many different final products. Each product must be assigned a cost including the different cuts of meat for human consumption, different food products for animal consumption (pet food) and basic ingredients for glue."

No comments: