Examlex
Open systems planning, starting with the perspective of a particular organisation or department:
Joint Costs
Costs that are incurred in the process of producing two or more products simultaneously up to the point where these products are separable.
Split-off Point
The stage in a production process where joint products can be recognized as distinct and separate products.
Split-off Point
The stage in a production process where multiple products become recognizably separate and independent from each other.
Joint Products
Products that are generated together in a production process and cannot be produced independently of each other.
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