terms Waste-residual output,no sales value Split-off point when joint products are first identifiable as individual products Incremental separate costs costs after split-off, assigned to separate products At split-off,joint costs are allocated to joint products Joint costs are sunk costs once the split-off point is reached 海南大学董建华讲授 ☐9-6
海南大学董建华讲授 9- 6 Waste - residual output, no sales value Split-off point - when joint products are first identifiable as individual products Incremental separate costs - costs after split-off, assigned to separate products At split-off, joint costs are allocated to joint products Joint costs are sunk costs once the split-off point is reached terms
Joint Process D's Chicken Soup Company Chicken Noodle Chicken Dumplings Chicken Rice 海南大学董建华讲授 9-.7
海南大学董建华讲授 9- 7 Joint Process D’s Chicken Soup Company Chicken Noodle Chicken & Dumplings Chicken Rice
Joint Process Chicken,vegetables,and broth are joint inputs Chicken Prepare Cook vegetables Water vegetables, and chicken Spices discard waste in in broth barrel 海南大学董建华讲授 9-8
海南大学董建华讲授 9- 8 Joint Process Chicken Water Spices Cook vegetables and chicken in broth Chicken, vegetables, and broth are joint inputs Prepare vegetables, discard waste in barrel
Joint Process Split-off Add oint Noodles Rice Basic chicken soup Dumplings 海南大学董建华讲授 9-9
海南大学董建华讲授 9- 9 Joint Process Split-off point Basic chicken soup Noodles Rice Dumplings Add
Illustration of a Joint Process Cooked,canned,and into FG inventory Noodles Chicken Noodle Rice Chicken Rice Basic chicken soup Chicken Dumplings & Dumplings 海南大学董建华讲授 9-10
海南大学董建华讲授 9- 10 Illustration of a Joint Process Cooked, canned, and into FG inventory Basic chicken soup Noodles Rice Dumplings Chicken Noodle Chicken Rice Chicken & Dumplings