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joint cost

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A common cost. Often refers to the costs prior to the point where several products emerge from a common process.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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