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Joint Production Costs
The costs incurred in a production process that yields multiple products simultaneously up to the point of separation.
Processed Further
The additional processing or work done on a product after some initial manufacturing or production steps, often to add value or final features before sale.
Split-off Point
The split-off point is the stage in a production process where multiple products become separately identifiable, often leading to different processing routes.
Processed Further
A business decision to continue refining a product beyond the split-off point to enhance its value.
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