Which of the following is not true about joint products?

Multiple Choice

• There is no market value attached to some products at the split-off point.

• Sometimes it is desirable that the company have joint products with constant or equal gross margin percentages.

• The net realizable value of a product is the ultimate net sales value that is estimated at the split-off point.

• An important decision for management to make in regard to separable costs is whether the company should incur the separable costs and process the product further.

• All joint products can be sold at the split-off point.