Joint costs
A)are the cost of the common inputs for joint products.
B)are the costs incurred after the split-off point for joint products.
C)are expensed because they have no future benefit for a company.
D)only exist when there are no opportunity costs involved in the decision.

Question

Quizplus · Accepted Answer

Joint costs are the costs of the common inputs used for producing joint products. They include costs incurred up to the split-off point where the joint products can be identified as separate products.

Joint Costs