terms Waste-residual output,no sales value Split-off point when joint products are first identifiable as individual products Incremental separate costs costs after split-off, assigned to separate products At split-off,joint costs are allocated to joint products Joint costs are sunk costs once the split-off point is reached 海南大学董建华讲授 ☐9-6海南大学董建华讲授 9- 6 Waste - residual output, no sales value Split-off point - when joint products are first identifiable as individual products Incremental separate costs - costs after split-off, assigned to separate products At split-off, joint costs are allocated to joint products Joint costs are sunk costs once the split-off point is reached terms