Product costs incurred after the split-off point are called:

A) separable processing costs.
B) joint product cost.
C) by-product costs.
D) scrap costs.

Question

Product costs incurred after the split-off point are called:A)  separable processing costs.B)  joint product cost.C)  by-product costs.D)  scrap costs.

Ellie Coombs · Accepted Answer

Final Answer : A, Explanation :  Separable processing costs are the costs incurred after the split-off point to further process individual products. Joint product costs are costs incurred up to the split-off point. By-product costs are costs incurred in the production of a secondary or incidental product. Scrap costs are costs incurred for rejected or unusable products or materials.

Product costs incurred after the split-off point are called:

A) separable processing costs.
B) joint product cost.
C) by-product costs.
D) scrap costs.

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