Examlex
Heather and Eric were both working in Phoenix when Eric accepted a job in San Diego.Heather gave up her job in Phoenix and looked for a job in San Diego as well.Someone in Heather's position is called a
Split-off
A point in a production process where multiple products are generated from a single input, each having its own identifiable market.
Joint Production Costs
Costs incurred during the process of producing multiple products simultaneously where the costs cannot be attributed to individual products easily.
Relative Sales Value Method
A method used to allocate joint costs based on the relative sales value of the products produced from the same process or operation.
Allocated
The distribution of resources, costs, or expenses to specific departments, projects, or cost centers according to a predetermined method.
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