Identify each item on the following list as a joint cost or a separable cost.
a. Cost of processing crude oil in a gasoline refinery.
b. Cost of processing timber (trees) at a sawmill.
c. Cost of processing lumber into different lengths and sizes at a sawmill.
d. Cost of raw tomato processing, tomatoes are to be used for different soups in a soup plant.
e. Cost of canning soup in a soup plant.
f. Cost of moulding plastic for use in making different toys on an assembly line.
h. Cost of processing water for human consumption.
i. Cost of processing pulp into paper.
j. Cost of processing pulp into cardboard.

Question

Identify each item on the following list as a joint cost or a separable cost.
a. Cost of processing crude oil in a gasoline refinery.
b. Cost of processing timber (trees) at a sawmill.
c. Cost of processing lumber into different lengths and sizes at a sawmill.
d. Cost of raw tomato processing, tomatoes are to be used for different soups in a soup plant.
e. Cost of canning soup in a soup plant.
f. Cost of moulding plastic for use in making different toys on an assembly line.
  h. Cost of processing water for human consumption.
i. Cost of processing pulp into paper.
j. Cost of processing pulp into cardboard.

Quizplus · Accepted Answer

The Answer of Identify each item on the following list as a joint cost or a separable cost.
a. Cost of processing crude oil in a gasoline refinery.
b. Cost of processing timber (trees) at a sawmill.
c. Cost of processing lumber into different lengths and sizes at a sawmill.
d. Cost of raw tomato processing, tomatoes are to be used for different soups in a soup plant.
e. Cost of canning soup in a soup plant.
f. Cost of moulding plastic for use in making different toys on an assembly line.
  h. Cost of processing water for human consumption.
i. Cost of processing pulp into paper.
j. Cost of processing pulp into cardboard.

Identify Each Item on the Following List as a Joint