Q713
In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as
A.
split off product
B.
joint product
AnswerC.
sunk product
D.
main product
Answer: Option B
Solution
Answer: Option B
Solution:
In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as joint product. A joint product is a product that results jointly with other products from processing a common input. A joint product can be the output of a process with fixed or variable proportions.