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MRP glossary TOP > Cost Control > Total Joint Product Production Costing

Total Joint Product Production Costing

It is the cost accounting applied for the case a number of products are produced using the same materials through the same processes. The companies producing coke and tar from caustic lime mainly use this type of method. In this cost accounting, it is important to set the appropriate equivalence rate by which the production cost by joint product is determined.

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Related term: Total Costing


Reference:JIT Business Research Mr. Hirano Hiroyuki

Total Degree Costing | Cost Control | Total Process Costing