The costs incurred beyond the splitoff point that are assignable to each of the specific products identified at the splitoff point is known as:
A)joint costs.
B)individual costs.
C)separable costs.
D)production costs.
E)manufacturing costs.

Question

Quizplus · Accepted Answer

Costs incurred beyond the splitoff point that are assignable to each of the specific products identified at the splitoff point are known as separable costs. Separable costs are not joint costs, which are costs incurred up to the splitoff point that cannot be identified with or traced to individual products. Individual costs, production costs, and manufacturing costs are not commonly used terms in this context.

The Costs Incurred Beyond the Splitoff Point That Are Assignable