One of two or more products (goods and/or services) that are produced by a single production process, such as milking a cow to produce both milk and cream. Most trade theories assume away joint products for simplicity.
Related information about joint product:
- Joint product pricing - Wikipedia, the free encyclopedia
Joint Products are two or more products, produced from the same process or operation, considered to be of relative equal importance. Pricing for joint products is ...
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joint obligatio... joint ownership · Joint Photograp... joint powers au... joint probabili... joint product c... joint products; joint rate · joint return · joint stock com... joint ...
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Joint Product and By-Product Costing 149. CHAPTER 7. Joint Product and By- Product Costing. LEARNING OBJECTIVES. After studying this chapter, you should ...
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Common costs: These costs cannot be identified with a particular joint product. By definition, joint products incur common costs until they reach the split-off point.
- Joint product - Merriam-Webster Online
a product of joint effort <view this report as truly a joint product — C.E.Osgood & T.A.Sebeok>. 2. : one of two or more products of substantial importance derived ...
- Differentiate joint product and by-product
Joint products are two or more products manufactured simultaneously through the same process. The common manufacturing costs are called joint costs.
- What is joint product? definition and meaning
Definition of joint product: One of two or more products (goods and/or services) that are produced by a single production process, such as milking a cow to ...
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Brief and Straightforward Guide: What Is a Joint Product?