Joint costs are:
A) Easily traceable to individual product lines
B) Common costs that result in two or more unique products
C) Incurred by a particular product
D) Fixed costs incurred after the split-off point

Question

Quizplus · Accepted Answer

Joint costs are costs that are incurred to produce two or more distinct products up to a certain point called the split-off point. These costs are common to all products and cannot be easily traced to a particular product line. Therefore, choice B is the correct answer. Choices A, C, and D are incorrect because they do not accurately describe joint costs.

Joint Costs Are