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Research on the correlation between job satisfaction and job productivity has determined that:
Split-Off Point
The stage in production at which multiple products derived from a common input process become separately identifiable, and costs are then attributed accordingly.
Joint Products
Products that are produced from the same process or raw materials, often with little to no variation in cost until the split-off point, where they may be further processed differently.
Net Realizable Value Method
An accounting method used to value inventory or accounts receivable at the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.
Market Value at Split-Off Method
A method used to allocate joint costs based on the market value of products at the point of separation in a production process.
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