9.1 Joint Product and By-Product Costing

Question 1

________ costs are not traceable to the end products so must be allocated.

Answer 1

Joint costs

Question 2

Direct materials, direct labor, and manufacturing overhead are examples of

Answer 2

Joint costs

Question 3

Costs incurred beyond the split off point, once they can be identified with a particular joint products and allocated to a specific unit of output

Answer 3

separable costs

Question 4

products of relatively small total value that are produced simultaneously from a common manufacturing process with products of greater value and quantity

Answer 4

By-products