joint products
Goods of equal importance produced by a common *manufacturing process. Importance is often assessed in terms of sales *price. For example, leather and beef are considered to be joint products of the cattle industry. Compare *by-product.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • joint products — The output of a process in which there is more than one product and all the products have similar or equal economic importance. Compare: main product, by product …   Accounting dictionary

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  • Joint product pricing — Pricing for joint products is a little more complex than pricing for a single product. To begin with there are two demand curves. The characteristics of each demand curve could be different. Demand for one product could be greater than for the… …   Wikipedia

  • joint costs — In process costing, the costs incurred prior to the separation point after which the joint products are treated individually. The joint costs are therefore common to the joint products; in order to determine individual product costs, the joint… …   Accounting dictionary

  • joint costs — Costs incurred in a *manufacturing process prior to a point at which differentiated products can be identified. Joint costs must normally be allocated to the *joint products of a common manufacturing process …   Auditor's dictionary

  • Joint venture broker — Joint venture brokers are people who connect business joint venture partners together for profit making projects. The joint venture brokers will earn a pre negotiated percentage of the profits earned from the joint venture that they helped put… …   Wikipedia

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  • Joint Ocean Commission Initiative — Type Commission Founded 2005 Key people William D. Ruckelshaus Norman Y. Mineta Area served United States …   Wikipedia

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