Joint cost definition
Joint cost means any cost which benefits more than one cost objective and which is readily assignable to the cost objec- tives benefited. Examples of joint costs include the salary of a staff person teaching both a vocational skills and employer−linked training program or the salary of an individual who administers and provides training for a program.
Joint cost means a cost that cannot be traced directly to any particular good or service, but can be linked to the cost of inputs associated with a well-defined set of the goods and services produced by the firm.
Joint cost means any cost which benefits more than one cost objective, but which is readily assignable to the cost objec- tives benefited. Examples are the salary of a staff person teaching both a vocational skills program and an employer−linked training program, or the salary of an individual who administers and pro- vides training for a program.
Examples of Joint cost in a sentence
Estimated Pipe, Coupling and Ball Joint cost LS 1 $145,840.00 $ 145,840.00 2.