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By-product Costing and Joint Product Costing

  • Jill Collis
  • Roger Hussey
Chapter
Part of the Macmillan Business Masters book series (PPMB)

Abstract

In process costing it is usual to distinguish between the main product of the process and by-products or joint products. By-products are the output of a process that have secondary economic significance to the main product of the process and they may require further processing to make them marketable. Joint products are the output of a process in which there is more than one product and all the products have similar or equal economic importance. They use the same commonly processed materials up to a certain point (the split-off point), although they may require further processing to make them marketable.

Keywords

Main Product Selling Price Management Account Total Profit Joint Product 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Jill Collis and Roger Hussey 1999

Authors and Affiliations

  • Jill Collis
  • Roger Hussey

There are no affiliations available

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