joint costs

joint costs

the COSTS involved in producing several products from the same process, for example petrol, diesel, tar, etc. which derive from a common oil-refining process. Joint costs such as oil-refinery running costs are difficult to allocate precisely between the different products in determining the exact cost of each. See COSTING, BY-PRODUCT.

joint costs

the COSTS involved in producing several products that are in JOINT SUPPLY, for example, petrol, diesel, tar, etc., produced from a common oil-refining process. Joint costs such as oil-refinery running costs are difficult to allocate precisely among the different products in determining the exact cost of each.
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The rigs allow us to pile on restricted access sites and enable us to pitch a 9-metre-long pile, which offers further savings with reduced joint costs.
This paper revisits the joint costs theory of strikes (Reder and Neumann 1980, Kennan 1980).
Accounting for joint costs and their respective allocation is a complex topic, but a brief overview of certain key resources is worth exploring.
As Taussig recognized, John Stuart Mill had already studied this case, including its main economic implication: each commodity or service contributed to these joint costs "in proportion to the demand for it," that is, the more price-sensitive the demand, the lower the contribution to fixed cost.
When asked whether Oman Air would enter into a business alliance, Gregorowitsch said the airline would never consider that, but rather enter joint ventures with joint costs and a joint income.
Indeed, the risk of improper allocation makes accounting for costs of activities that include joint costs a complex area for NFPs and their auditors.
Further, since there is no logical solution to the problem of allocating joint costs, there is no single way to measure periodic performance in their presence [Brief and Owen, 1970, p.
Those who decide to become part of the cohousing project pay a $500 buy-in fee and then begin making regular payments toward joint costs and what eventually becomes a 20 percent down payment on their own housing units, with the rest covered by a conventional mortgage, Fischrup said.
The figure includes the cost of staging just the relays (PS5,839) Parkfest, (PS15,522), and joint costs (PS34,891).
During last week's hearing he was fined pounds 372 and ordered to pay pounds 274 in joint costs with OSR Contracting, which was fined pounds 395 at an earlier hearing.
The joint costs that must be distributed in accordance with Generally Accepted Accounting Principles (GAAP) consist of all costs up to the split-off point, that is, $6,500--the value of the RHO ($5,000) and the cost to process Alpha and Beta ($1,500).

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