An empirical study into joint and by-product costing in the U.K.

Slater, K., 1982. An empirical study into joint and by-product costing in the U.K. MPhil, Nottingham Trent University.

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The aim of the research was to establish the nature of the current methods used by industry to apportion joint costs to joint and by-products, with particular reference to the chemical and food sectors. The study attempts to determine whether there is any particular apportionment method related to a particular industry or section of the industries concerned and to establish the reasons for the particular choice of technique used. The findings were not intended to answer specific costing problems, but to clarify the extent to which generally accepted theoretical apportionment methods are employed in the two industries and to reveal any alternatives used in practice.

A second objective was to determine the effect the various apportionment techniques employed have on stock valuations and the reporting of profit margins; and to assess the importance that the companies involved, place on the resulting cost data in aiding management in decision-making areas such as determination of product mix, pricing and further processing decisions.

The empirical data, obtained mainly from field interviews, is analysed on an inter and intra industry basis, the costing techniques adopted by sampled companies being described in detail.

Previous writers have expressed a variety of opinions on the objectives of joint cost apportionment and the extent of the usefulness of the individual product cost data for decision making purposes; These views are compared with those of the companies interviewed, revealing the nature of alternative cost figures used in practice.

Item Type: Thesis
Creators: Slater, K.
Date: 1982
ISBN: 9781369324808
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 24 Jun 2021 10:30
Last Modified: 18 Oct 2023 14:51

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