A joint cost is the cost of a single process that yields two or more products or services simultaneously. Option A correctly defines a joint cost. Option B describes an indirect cost, while option C describes an overhead cost. Therefore, option A is the best choice.

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A Joint Cost Is

Question 70

Multiple Choice

A joint cost is:

A) a cost of a single process that yields two or more products or services simultaneously.
B) a cost that is not directly attributable to the production of any specific good or service.
C) a cost shared by more than one process in a manufacturing cycle.
D) All of the given answers

Correct Answer: