Give two examples of industries in which joint costs are found. For each example, what are the individual products at the split off point?

Answer:

Joint Cost is the all out cost spent on an item before it splits off into by items. 

The money saving advantages all the items and it can't be dispensed to a specific item 

Split off point is where joint items show up together during the creation cycle after this point items are manufactured independently. 

After split off point cost of the items can be recognized independently.

Two examples of industries where joint cost situation are found are:

No Industry Individual products at split off point

1 Dairy Skimmed milk, cream, butter, cheese, yogurt, whey, milk powder

2 Sugarcane Sugar, brown sugar, Bagasse , Molasses, Rum and fliter Cake

Reference: Cost accounting w/mylab (14th edition)