Alissa Dunn is the owner and operator of Dunn's Best Jams,which she sells at craft festivals.She only makes and sells three types of jams-pecan pie jam,chocolate pie jam,and lemon tart jam.The costs of leasing her professional kitchen for manufacturing,travel to craft shows,insurance,and so on are allocated on an equal basis to the three types of jam sold.In other words these costs are:
A) derived costs
B) elastic costs
C) joint costs
D) revenue impediments
E) synergistic costs

Question

Quizplus · Accepted Answer

Joint costs are costs that are shared in the manufacturing and marketing of several products in a product line.

Alissa Dunn Is the Owner and Operator of Dunn's Best