A cost incurred to produce or purchase two or more products at the same time is a(n) :

A) Product cost.
B) Incremental cost.
C) Differential cost.
D) Joint cost.
E) Fixed cost.

Joint Cost

A cost that is incurred in producing multiple products where the costs cannot be easily separated for each product produced.

Product Cost

The total of direct materials, direct labor, and manufacturing overhead expenses incurred in producing a product.

Differential Cost

The difference in total cost that will result from selecting one alternative over another.