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Question 44 3 pts Which of the following statements is true of joint production process and its components? 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 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 Question 45 3 pts Which of the following statements is true of the methods for allocating joint costs? The net realizable value method uses the sales value of the units sold during the accounting period to allocate joint costs. The sales value at split-off method allocates joint costs to each product in proportion to the sales value of total production The sales value at split-off method always results in the same gross-margin percentage for all products. The net realizable value method results in the same joint production cost per unit for all products

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