https://www.taxtmi.com/acts?id=20031 The standard requires uniform measurement and assignment of joint costs: costs up to the split off point follow other cost accounting standards, post split off costs for identifiable products include direct and indirect resources, and externally performed processing is recorded at invoiced or agreed prices net of recoverable items. Joint costs must be allocated based on benefits using Physical Units, Net Realisable Value at split off (adjusted for post split off costs), or technical estimates; by product values adjust joint costs by Net Realisable Value or technical estimates. Cost statements must present element wise product costs and disclose allocation bases and material changes. en-us Fri, 11 Sep 2015 17:53:18 +0530 Fri, 11 Sep 2015 17:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20031 The standard requires uniform measurement and assignment of joint costs: costs up to the split off point follow other cost accounting standards, post split off costs for identifiable products include direct and indirect resources, and externally performed processing is recorded at invoiced or agreed prices net of recoverable items. Joint costs must be allocated based on benefits using Physical Units, Net Realisable Value at split off (adjusted for post split off costs), or technical estimates; by product values adjust joint costs by Net Realisable Value or technical estimates. Cost statements must present element wise product costs and disclose allocation bases and material changes. Act-Rules Companies Law Fri, 11 Sep 2015 17:53:18 +0530 https://www.taxtmi.com/acts?id=20031