Joint costs occur before the split-off point in a production process.

Name: Joint costs occur before the split-off point in a production process.
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Quizplus · Accepted Answer

Joint costs refer to the costs incurred in a production process before the split-off point where the outputs become separate and identifiable products. These costs are necessary to produce the joint products and cannot be allocated to a single product. Therefore, joint costs are incurred before the split-off point.

Joint Costs Occur Before the Split-Off Point in a Production