The costs of a production process that yields multiple products simultaneously are:
A)zero costs.
B)joint costs.
C)single costs.
D)common costs.
E)separable costs.

Question

Quizplus · Accepted Answer

When a production process yields multiple products simultaneously, there are costs that cannot be traced to any one product. These costs are called joint costs, and they are the result of the shared resources and processes required to produce all of the products together. Joint costs cannot be separated or allocated to any one product.

The Costs of a Production Process That Yields Multiple Products