Koostööproduktide

Koostööproduktide, often translated as "co-products" or "joint products" in English, refers to multiple products that are produced simultaneously from the same manufacturing process or raw material. These products are not the primary objective of the production process, but rather a result of it. The costs associated with the joint process are typically allocated among the co-products. The decision on how to allocate these costs can influence the reported profitability of each co-product. Common methods for cost allocation include the physical measure method, the relative sales value method, and the net realizable value method. The economic significance of co-products can vary greatly. In some industries, co-products are nearly as valuable as the main product, while in others, they may have very little market value and are sometimes considered by-products. Accounting standards and industry practices often dictate the methods used for recognizing and valuing these products. The management of co-products is important for overall business efficiency and profitability, as it allows for the utilization of all outputs from a production run.