Joint Product Cost Definition:

A joint cost may be defined as that cost which arises from the common processing or manufacturing of products produced from a common raw material. Whenever two or more different products are created from a single cost factor, a joint product cost results. A joint cost is incurred prior to the point at which separately identifiable products emerge from the same process.

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• Cost of Quality
• Flow of Costs
• Under-Applied Overhead Definition
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• Over-applied Overhead Definition
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