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What else can I help you with?
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.
Joint cost allocations method ignores the revenue generating power ot the cost?
Joint cost allocation methods, such as physical measures or relative sales value, focus on distributing shared costs among products without considering their individual revenue-generating potential. This approach can lead to misleading profitability assessments, as it may allocate a disproportionate share of costs to higher-margin products or understate the costs of lower-margin items. Consequently, businesses may make suboptimal decisions regarding pricing, production, and resource allocation. A more nuanced approach that considers revenue generation could enhance financial decision-making and product strategy.
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.
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 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 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 the three subdivision of indirect production?
Well, darling, the three subdivisions of indirect production are auxiliary production, complementary production, and joint production. Auxiliary production involves producing goods or services that support the main production process. Complementary production involves producing goods or services that are used together with the main product. Joint production involves producing multiple products from the same production process. Hope that clears things up for you, sweetie.
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
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.
How can I fix a leaking PVC joint?
To fix a leaking PVC joint, you can try tightening the joint, applying PVC primer and cement, or using a repair coupling. If these methods don't work, you may need to replace the joint altogether.
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'
