Allocation of joint costs, Cost Accounting

Assignment Help:

Allocation of Joint Costs

Whereas two or more products of relatively high value emerge simultaneously from a single process, they are named as joint products.  The processes such provide rise to these products is named as a joint process and the costs included are referred to as joint product costs.  Joint products are not separately identifiable like individual products till their split off point. Split-off point is the point at that joint products become separate entities or are individually identifiable. Allocations of joint costs contain assigning the costs of the joint process to the products emerging at the split off point. Any type of costs beyond the split off point is referred to as separable costs.


Related Discussions:- Allocation of joint costs

What is the original cost of the auto?, I'm having a hard time with this, c...

I'm having a hard time with this, can you please help? I know the dates are imparative also in finding the solution. Stevens purchased an auto on Jan 1, 2001. On December 31, 2003

Absoption costing, 2001 2002 sale 3200 units 3500 uni...

2001 2002 sale 3200 units 3500 units selling prise Rs.60 Rs.65 unit produced 3400 units 3600 units direct metrial Rs 23 25

Calculate the gross profit margin, Assets                                  ...

Assets                                               2011                                                                        2010 Non Current Assets

Creating budget and annual operating budget assignment, This assignment wil...

This assignment will consist of developing a center-based financial operating budget. A break-even and Cash-flow projection are not required for this assignment. Students will deve

Cash flow statement, In this section we have tried to develop the concept o...

In this section we have tried to develop the concept of flow of funds inside the organization. Starting along with the funds requirement for an organization, we have tried to trace

Required ledgers in financial system, Required Ledgers in Financial System ...

Required Ledgers in Financial System In the financial Systems the Required ledgers are as: The General Ledger Debtors Ledger Creditors Ledger

FSND Analysis, What is idle time for Fast Moving,Slow Moving,Non Moving, an...

What is idle time for Fast Moving,Slow Moving,Non Moving, and Dead Stock??? Thanks in Advance. Santosh K Jha

Factory overhead, Why do we separate factory overhead from materials and la...

Why do we separate factory overhead from materials and labor?

Accounting 561, Your organization (City Rehab) has been approached by an MC...

Your organization (City Rehab) has been approached by an MCO looking for an exclusive arrangement for the rehabilitation of its hip replacement patients. The MCO is aggressively po

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd