________ costs are costs of manufacturing two or more products that are not separately identifiable as individual products until their split-off point.
A) Separable
B) Joint
C) Incremental
D) Sunk

Question

Quizplus · Accepted Answer

Joint costs are costs incurred in the process of manufacturing two or more products that are not separately identifiable until a specified point. These costs cannot be assigned to individual products. Joint costs are incurred up to the split-off point and include costs such as raw materials, labor, and overhead. Once products have been split off, they become separately identifiable and can be assigned additional costs.

________ Costs Are Costs of Manufacturing Two or More Products