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Which of the following statements is true of joint production process and its components? Distribution...

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Accounting

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Which of the following statements is true of joint production process and its components? Distribution costs incurred beyond the split-off point assignable to each of the specific products identified at the split-off point are considered as joint costs. Decisions relating to the sale or further processing of each identifiable product can be made independently of decisions about the other products beyond the split-off point. When a joint production process yields two or more products with low total sales values relative to the total sales values of other products, those products are called joint products. The primary purpose of joint costing is to allocate the separable costs to the individual products that are eventually sold

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