Use the following information for the next 2 questions.
A joint input costing $500 results in four distinct products at the point of split-off. Relevant data follows:
-Costs incurred to process joint products beyond a split-off point are called
A) By-products
B) Joint costs
C) Separable costs
D) Fixed costs

Question

Use the following information for the next 2 questions.
A joint input costing $500 results in four distinct products at the point of split-off. Relevant data follows: 
-Costs incurred to process joint products beyond a split-off point are called
A) By-products 
B) Joint costs 
C) Separable costs 
D) Fixed costs

Quizplus · Accepted Answer

Separable costs are the additional costs incurred to process joint products after they have reached the split-off point.

Use the Following Information for the Next 2 Questions