Downloadable the purpose of this paper is to look into the problems of costing of joint products and by-products in industrial organizations the paper starts. A joint cost is a cost that benefits more than one product, while a by-product is a product that is a minor result of a production process and which.
There are two main aspects to the accounting for joint products: (i) how the common process costs should be apportioned between the joint products at the. This video introduces the concept of joint costs and the splitoff point in managerial accounting joint products refer to two or more products that.
Ioannis ananiadis () abstracf the present paper develops a model for allocating joint products' cost according to the participation of each product to the .