Which of the following statement is false? Two or more products that are produced from a common input are known as joint products It is profitable to continue processing joint products after the split-off point if their total revenues exceed the joint costs. The split-off point in a process that produces joint products is the point in the manufacturing process at which the joint products can be recognized as separate products, The term joint cost is used to describe the costs incurred up to the split-off point in a process involving joint products