Cost Accounting
- Accounting
BTU Method And Relative Cost Method Of Joint Cost Allocation
British Thermal Unit (BTU Method): The BTU method uses the relative heat content of oil and gas, expressed in British…
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Joint Cost Allocation Methods In Petroleum Industries
Joint Cost Allocation Methods In Petroleum Industries : Joint cost allocation plays significant role in connection with the Federal regulation…
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Tax Implications In Joint Products And By Products
Tax implications in Joint Products and by products: Joint products and by products inventories are assigned costs for income tax…
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Methods Of Allocating Joint Costs To Products
Before discussing the methods of allocating joint costs to products I would like to define what it really is. Joint…
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Replacement Cost Method: A Method of By Product Costing
Replacement cost method of By-products costing: The replacement cost method is used, ordinarily, by firms whose by products resulting from…
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Method Of Costing By Products And Joint Products
METHOD OF COSTING BY PRODUCTS: The several accepted methods used in industry for costing by-products fall into two categories: (1)…
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Difference Between Joint Cost And Separable Cost
Difference Between Joint Cost and Separable Cost What is the difference between joint cost and separable cost? Joint costs are…
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Difference Between Joint Cost And Common Cost
By-products and joint products are difficult to cost because true joint costs are indivisible. For example, an ore might contain…
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Weighted Average Method Of Process Costing: Opening WIP
Weighted Average Method: Costs assigned to the opening work in process inventory are added to costs incurred during the period…
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Average Method of Process Costing: Work-in Process Inventory
The cost of production reports illustrated earlier closing work in process inventory (ies). These inventories become opening inventories of the…
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