For purposes of allocating joint costs to joint products, the relative sales value at split-off is equal
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For purposes of allocating joint costs to joint products, the relative sales value at split-off is equal to Sales price less a normal profit margin at point of sale Sales price at point of sale reduced by cost to complete after split-off Total sales value less joint costs at point of split-off a2oo%o.o. Separable product cost plus a normal profit margin
(AICPA Adapted.)
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Related Book For
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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