How do you allocate joint costs in accounting? In developing forecasts of expenses the analyst must take into consideration that expenses can be broken down into components. What is the difference between current or long-term fixed or variable fixed or current variable or long-term?

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1 Allocation of Joint Costs in Accounting When joint costs are incurred in the production of multiple products it is necessary to allocate these costs among the various products to determine their ind... View the full answer