Which of the following statements best define split off point in joint costing?
◦ It is the point at which managers decide to discontinue one or more of the products.
◦ It is the point at which the managers decide to outsource some of its production processes.
◦ It is the juncture in a joint production process when two or more products become separately identifiable.
◦ It is the juncture at which decisions determining joint costs of various products to be produced are taken.