Joint Costs Allocation
Joint Cost Foundation:
The cost of a manufacturing process with two or more outputs is called a
. The outputs from this common
input or common production process is are called
. The stage of processing that separates two or more
products is called the
Although joint costs are allocated for many reasons, like performance evaluation and other measures requiring segment
earnings, the primary purpose for allocating joint costs is for
What is the total joint cost for the period?
What is the total profit for the period?