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Joint Product Definition and Methods of apportionment of Joint Cost

Joint Product Definition and Methods of apportionment of Joint Cost


All the CA Intermediate Students will be able to get understanding about joint products and methods of apportionment of the joint cost of processing the joint products. In this article, I have covered just about joint products.
Meaning of Joint Products:
In the manufacturing industries, many different kinds of products are manufactured. Some of them give two or more products of same or no importance or less importance. These products are products are produced whether simultaneously or in course of processing of the main product.
Like manufacturing of sugar, various chemical processing industries, do have such type of output with the main product.
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