Before a selling cost can be determined, the joint costs need to be allocated to the products that shared the joint costs.
In order to determine if an item should still be produced in the short-run, the company will need to compare the variable costs to the selling price.
Joint costs themselves will not enable evaluating management.
Joint costs are used in the determination of the value of the inventory that was produced. In order to do this, the costs will need to be allocated to the different products produced that shared the joint costs.
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