How to Calculate Joint Product Costs? | Cost Accounting
Accounting for ByProduct Costs: As in the case of joint products, emergence of byproducts is incidental to the production process. Byproducts differ from joint products only in one aspect—they have relatively insignificant sale as compared to the sale value of joint products. ADVERTISEMENTS: If an item is accounted for as byproduct, no part of the joint cost is assigned to it. Process ...