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Following are methods
1 - Splitoff point method
2 - Net realizable value method
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What is joint product?
This is a product that has the highest sales value from amongst a group of products that are the result of a joint production process.
What is the major problem in cost accounting?
The major problem in cost accounting is allocation of common and joint costs to individual products.
Is a joint checking or savings account considered part of an estate?
No. Ownership of a a joint account passes automatically to the surviving joint owner unless it can be proven that the account was set up as joint for purposes of convenience only by the decedent.
Is it illegal to remove your spouse from joint checking account?
No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.
Can you get out of a joint checking account?
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
How would you describe joint products?
Allocations are also required in a joint production process. When two or more separately identifiable final products initially share a common joint production process, the products are called joint products.
What is joint product?
This is a product that has the highest sales value from amongst a group of products that are the result of a joint production process.
When A domestic firm and a foreign firm sharing the cost of developing new products or building production facilities in a foreign country constitute what?
Joint Venture
What are the difference between the joint product and by product?
By Product- products recovered from material discarded in a main process or from the production of some major products where the material value is to be considered at the time of severance from the main product.
What are examples of joint products?
Joint products are two or more products manufactured simultaneously through the same process. The common manufacturing costs are called joint costs. Each product has a significant market value. Example - Gasoline and Kerosene are joint products of crude oil refining
What are examples of joint supply?
joint supply is when the production of one good also results in the production of another. an example of this would be steel and cars. if there is more production of steel, there can be a greater production of cars, as steel is used in the manufacturing of cars.
What joint stiffness products are good for sore hands?
If you are suffering from joint stiffness, it's best to see your doctor to rule out any medical conditions. Some over the counter products for joint stiffness include Aleve and Ibuprofen.
What is difference between joint product and by product?
joint product has a high price value whereas by-product has a low price value. joint products are 2 or more products simultaneously produced. whereas by-product is recovered incidentally
Who is responsible for the development and production of joint operation plans?
Combatant Commanders
What is the difference between joint and common costs?
DIFFERENCE BETWEEN JOINT COSTS AND COMMON COSTSJoint costs are costs incurred in a production process, involving more than one product, up to the point when the products can be separated or distinguished as separate products. Common costs are costs incurred, the benefit of which is enjoyed by more than one cost centre (i.e. unit ) within an organisation. Answers by VICTOR DURODOLA , Nigeria
What has the author Sally Anne Ayson written?
Sally Anne Ayson has written: 'Methods of joint assessment'
How do I get joint pain relief?
WebMD is a great resource for all things medical. Using this site will give you information about relieving joint pain, helping to determine what methods are right for you.
