All costs incurred beyond the splitoff point that are assignable to one or more individual products are called:
A)byproduct costs
B)joint costs
C)main costs
D)separable costs

Question

Quizplus · Accepted Answer

Separable costs are the costs incurred after the splitoff point that can be easily identifiable with a specific product. Byproduct costs are costs related to the production of byproducts, not the main products. Joint costs are costs incurred up to the splitoff point and cannot be easily separated among individual products. Main costs are not a commonly used term in accounting.

All Costs Incurred Beyond the Splitoff Point That Are Assignable