A joint cost is a cost of a single manufacturing process with several different outputs or products.
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A joint cost is a cost of a single manufacturing process with several different outputs or products. Joint Cost allocation is sometimes necessary to determine the cost of one of the joint products that results the single manufacturing process. Click on the link below to and watch this video on how chicken is processed for an illustration on the joint cost process and answer the following questions:
http://www.youtube.com/watch?v=W6qppv4Xuqs
Identify the split off point shown in the video.
Identify at least 3 joint products shown in the video
Identify the separate costs associated with processing the chicken further.
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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