Joint Cost Allocation

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.

the one with bold is the link for the video