What guidelines should be used in determining whether a joint product should be sold at the split-off
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Question:
What guidelines should be used in determining whether a joint product should be sold at the split-off point or processed further? An incremental cost is the change in cost that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed in rejecting some course of action. A sunk cost is a cost that has already been incurred and that cannot be changed by any future decision
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