Costing in Manufacturing of Several joint Products and Manufacturing of joint and By-Products

Authors:

Pages: 119-127

Abstract:

Technological processes for joint production of products are very common in both industrial and agricultural production. Different methods are used to calculate the cost of joint, side and accompanying products. The choice of method affects the recognition of the value of assets, the amount of the financial result and the amount of income tax due. The article aims to examine the application of two of the most widely used methods for the distribution of joint costs in an enterprise from the meat processing industry. The use of two different methods for calculating the cost of by-products is also demonstrated.

Keywords:

joint products, by-product, co-product, cost joint.

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