Answer
A joint cost is a cost incurred in a production process that results in multiple products being produced simultaneously, and it cannot be traced directly to any one specific product until a later stage.
A separable cost, on the other hand, is a cost incurred beyond the splitoff point in a production process, and it can be specifically attributed or assigned to each of the individual products that were identified at the splitoff point. Separable costs are costs that are incurred after the products have become distinguishable from each other.
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