Q85. What are the various methods for appointment of joint expenses between joint products?
- Physical Unit Method: In this method, joint cost are apportioned over the joint product in the ratio of quantity at separation point.
- Average Unit Cost Method: In this method, cost is divided by total units of joint products. On division, average cost per unit is obtained. Then each joint product quantity is multiplied with such joint cost per unit, which gives share in joint cost of each joint product. Read More …