Topical Terminology > Joint Costs

2 Definitions

Joint Costs

For Joint Costs we have terms and definitions in 2 topics. The topics are Accounting and Natural Gas.

Joint Costs (Accounting)

are costs incurred to produce a certain amount of two or more products where the cost of producing one product cannot be logically isolated and cost allocation is arbitrary. Simplifiedthey are the costs of a single production process that yields multiple products simultaneously.

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