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Joint product and by-product costingdoi:10.1007/978-1-4899-6882-1_6Drury, ColinHuddersfield Polytechnic
product.Inthisway,productswillnotshowa lossduetojointcostallocation.However, otherconsiderationsmaytakeprecedence overthistypeofneutrality.Forexample,the physicalunitsmethodmaybeeasiertoapply anddoesnothavethedisadvantageofchang- ingprices. 6.Jointcostallocationmayleadmanagersto ...
A company produces three main joint products and one by-product. The by-product's relative sales value is quite low compared with that of the main products. The preferable accounting for the by-product's net realizable value is as:
Joint product and by-product costingAfter studying this chapter, you should be able to: calculate product profits and stock valuations using physical measures and sales values methods of joint cost apportionments; explain the arguments...doi:10.1007/978-1-4899-6878-4_6Colin Drury...
Unit 6 Joint Product and By-Product Costing Unit 6 - Joint Product and By-Product Costing1 Introduction When process output not be separately identifiable until reaching the `split-off point', the undifferentiated costs incur
The main difference between a joint product and a by-product isA.The historical costB.The main costC.The market price DD.The salvage value的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将文档转化
The main products are not marketable at the split-off point and, thus, have to be processed further. The amount of joint production cost that Lankip would allocate to the Second Main Product by using the physical-volume method to allocate joint production costs would be A. $1,200,000 B...
For example, Company ABC produces 10,000 units (A= 3,000, B= 5,000, and C=2,000 units). Total joint cost is $20,0000. The average cost per unit in this case is $20 ($200000/10000). Now the cost for product A is $20*3,000 = $60,000, B is $20*5000 = $100,000, ...
Joint demand is when you need two goods because they work together to provide a benefit, such as razors and razor blades. Understanding Joint Supply Where joint supply exists, thesupply and demandfor each product is linked to the others originating from the same source. For example, if demand...