Joint-process cost allocations arise from the need to assign joint-process costs to
A)a single product manufactured from a common input.
B)a single product manufactured from two or more common inputs.
C)two or more products manufactured from a common input.
D)two or more products manufactured from two or more common inputs.

Question

Quizplus · Accepted Answer

Joint-process cost allocations are used to allocate costs incurred in the production of two or more products from a common input. Therefore, the correct choice is C - two or more products manufactured from a common input.

Joint-Process Cost Allocations Arise from the Need to Assign Joint-Process