Joint and Product costing
7 important questions on Joint and Product costing
The most frequently used methods that are used to allocate joint costs up to the split-off point can be divided in which two categories?
- Methods based on costs relative to market value
Physical measures method
Sales value at spit-off method
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Net realizable value method
Constant gross profit percentage method
Are joint cost relevant for decision making?
Should joint cost be allocated to by products?
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