_____ are costs that are shared in the manufacturing and marketing of several products in a product line.
A)Overhead costs
B)Fixed costs
C)Joint costs
D)Opportunity costs

Question

​_____ are costs that are shared in the manufacturing and marketing of several products in a product line.
A)Overhead costs
B)​Fixed costs
C)​Joint costs
D)Opportunity costs

Quizplus · Accepted Answer

Joint costs are costs that are shared in the manufacturing and marketing of several products in a product line. These costs include expenses such as raw materials, labor, and overhead costs that are incurred in the production of multiple products simultaneously. Joint costing is used to determine the cost of production for each product in the line.

​_____ Are Costs That Are Shared in the Manufacturing and Marketing

_____ Are Costs That Are Shared in the Manufacturing and Marketing