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:
-Joint costs consist of
A) Direct materials costs only
B) Direct materials and direct labor costs only
C) Direct materials, direct labor, and variable manufacturing overhead costs only
D) Direct materials, direct labor, and all manufacturing overhead 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: 
-Joint costs consist of
A) Direct materials costs only 
B) Direct materials and direct labor costs only 
C) Direct materials, direct labor, and variable manufacturing overhead costs only 
D) Direct materials, direct labor, and all manufacturing overhead costs

Quizplus · Accepted Answer

Joint costs include all costs incurred up to the split-off point, which typically consist of direct materials, direct labor, and all manufacturing overhead costs.

Use the Following Information for the Next 2 Questions