Cost Allocation: Joint Products and By-products - SlideServe
Cost Allocation: Joint Products and By-products - SlideServe
Apr 11, 2013
slideserve.com
What is a joint cost? How does it relate to by-products?... | Filo
What is a joint cost? How does it relate to by-products?... | Filo
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ACCA F2 Process Costing – Joint Products
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ACCA F2 Process Costing – Joint Products
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Magna Company produces three Pproducts A, B and C. A and C are joint products while B is aby-product of A. The company uses the sales value method in allocating the joint costs. No jointcost is to be allocated to the by-product and the net revenue from the by-product is treated as areduction in the additional processing cost of product A. The production processes for 2016 areas follows:In Department I, 220,000 kilos of raw materials are processed at total costs of P240, 000.After processing in D
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