1. Product with low sales value compared with the sales value of the main or joint product(s).

2. Any output that has a positive sales value.

3. Junction in the process when one or more products in a joint-cost setting become separately identifiable.

4. Costs of a single process that yields multiple products simultaneously.

5. Costs incurred beyond the split-off point that are assignable to one or more individual products.

6. Product that is one of two or more products with relatively high sales value but not separately identifiable until the split-off point.

Required

Match each term with its appropriate definition.

Terms

a. Split-off point

b. Joint cost

c. Separable cost

d. By-product

e. Joint product

f. Product