During the joint production process,the costs incurred up to the splitoff point are known as which of the following?
A)joint costs.
B)sunk costs.
C)fixed costs.
D)lost costs.

Question

Quizplus · Accepted Answer

The costs incurred up to the splitoff point in a joint production process are known as joint costs. These costs are incurred up to the point where the joint products can be identified as separate entities. After the splitoff point, separate costs are incurred for further processing or marketing of each product.

During the Joint Production Process,the Costs Incurred Up to the Splitoff