Bus 630 Week 3 Discussion 1

Allocating Joint Costs. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your position with evidence from the text or external sources. Your initial post should be 200-250 words

A joint production process results in two or more products, which are termed joint products. The cost of the input and the joint production process is called a joint product cost. The point in the production process where the individual products become separately identifiable is called the split-off point. For example, a food processing plant separates a delivery of tomatoes into different categories. Grade A is unblemished, and Grade B is blemished. Grade A...