Module 4 Flashcards
1
Q
Joint products
A
two or more products that are generated from a common output
2
Q
By-products
A
minor products of relatively small value that incidentally resulted from the manufacture of the main product
3
Q
Split-off point
A
point in the production at which the joint products can be recognized as individual products
4
Q
Joint Product Cost or Joint Costs
A
costs incurred in producing products up to the split-off point
