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Author Question: Which of the following statements best define joint products? (Read 38 times)

iveyjurea

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Question 1

Which of the following factors would guide you in classifying a product as a main product or byproduct?
◦ Number of units per processing period
◦ Weight or volume of outputs per period
◦ Percentage of total sales value
◦ Joint costs incurred up to the split-off point

Question 2

Which of the following statements best define joint products?
◦ When one product has a high total sales value compared with the total sales value of other products of the process, that product is called a joint product.
◦ Product of a joint production process that have the same sales value compared with the total sales value of the by products is called a joint product.
◦ When one product has a low total sales value compared with the total sales value of other products of the process, that product is called a joint product.
◦ When a joint production process yields two or more products with high total sales values relative to the total sales values of other products, those products are called joint products.


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Marked as best answer by iveyjurea on Mar 6, 2021

AISCAMPING

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iveyjurea

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Reply 2 on: Mar 6, 2021
Excellent


cam1229

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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