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Excel Autos & Trucks,Inc. ,contracts to sell five trucks to First Leasing Corporation,which contracts to lease the trucks to General Delivery Company.Article 2A of the UCC applies to
Joint Manufacturing Processes
A method in which multiple products are produced simultaneously during a production run, allowing cost efficiencies and resource optimization.
Joint Costs
Costs incurred in the process of producing two or more products simultaneously up to a split-off point, where they become distinguishable.
Market Value at Split-Off Method
A method used in accounting to allocate joint costs to products based on their market values at the point where the products are separable or "split off" from the joint process.
Joint Costs
Costs incurred in the process of producing two or more joint products before the point at which the products become separately identifiable.
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