Sales value at splitoff method

Sales value at splitoff method is method that allocates joint costs to joint products on the basis of the relative total sales value at the splitoff point of the total production of these products during the accounting period.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Sales value at splitoff method. Method that allocates joint costs to joint products on the basis of the relative total sales value at the splitoff point of the total production of these products during the accounting period.