Product A and Product C should be sold at the split-off point
Product B should be processed further.
<h3 /><h3> What is the meaning of joint costs?</h3>
A joint cost is an expenditure that benefits more than one product, and for which it is not possible to separate the contribution to each product.
The accountant needs to determine a consistent method for allocating joint costs to products.
<h3>How to calculate joint variable cost?</h3>
One of the simplest methods to apportion joint cost is the average unit cost method.
Here, the average cost per unit is calculated by simply dividing the total cost of all the joint products incurred before their splitting-off, by the total of the number of units produced all together.
Learn more about joint cost here:
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brainly.com/question/15276894</h3><h3 /><h3>#SPJ4</h3>
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Answer:
A. FIFO
Explanation:
FIFO, which is First-in, First-Out is a method used for calculating the cost of goods sold whereby the oldest goods in the company's or organization's industry are assumed to be sold first. It gives thesame results under both the periodic system and perpetual inventory system. So, in FIFO, goods acquired first are sold, leaving the most recent cost in the balance sheet. It also costs actual flow of goods in most businesses.
Answer:
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
Explanation:
There are many types of processes in an organisation few of them are given in the question and the answers to them are provided.
The correct answers are given as follows
The correct answer is provided after the type of process
Operational processes
Production and or Service
Upper-management processes
Purchasing
Supporting processes
Marketing and Sales
