A cost incurred to produce or purchase two or more products at the same time is a(n):
A) Differential cost.
B) Fixed cost.
C) Joint cost.
D) Product cost.
E) Incremental cost.

Question

Quizplus · Accepted Answer

Joint cost is a cost incurred in producing or purchasing two or more products together, and it cannot be traced back to a single product. It is usually divided among products that were created or purchased.

A Cost Incurred to Produce or Purchase Two or More