- 1、本文档共5页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Cost Allocation:Joint Products and Byproducts
Cost Allocation:Joint Products and Byproducts
CHAPTER 16
Cost Allocation:
Joint Products and Byproducts
Joint Cost Terminology
Joint Costs – costs of a single production process that yields multiple products simultaneously
Splitoff Point – the place in a joint production process where two or more products become separately identifiable
Separable Costs – all costs incurred beyond the splitoff point that are assignable to each of the now-identifiable specific products
Joint Cost Terminology
Categories of Joint Process Outputs:
Outputs with a positive sales value
Outputs with a zero sales value
Product – any output with a positive sales value, or an output that enables a firm to avoid incurring costs
Value can be high or low
Joint Cost Terminology
Main Product – output of a joint production process that yields one product with a high sales value compared to the sales values of the other outputs
Joint Products – outputs of a joint production process that yields two or more products with a high sales value compared to the sales values of any other outputs
Joint Cost Terminology
Byproducts – outputs of a joint production process that have low sales values compare to the sales values of the other outputs
Joint Process Flowchart
Reasons for Allocating Joint Costs
Required for GAAP and taxation purposes
Cost values may be used for evaluation purposes
Cost-based contracting
Insurance settlements
Required by regulators
Litigation
Joint Cost Allocation Methods
Physical Measures – allocate using tangible attributes of the products, such as pounds, gallons, barrels, etc1.
Market-Based – allocate using market-derived data (dollars):
Sales value at splitoff
Net Realizable Value (NRV)
Constant Gross-Margin percentage NRV
Physical-Measure Method
Allocates joint costs to joint products on the basis of the relative weight, volume, or other physical measure at the splitoff point of total production of the products
Physical-Measure Example
Consider the following example of two products a
文档评论(0)