Which of the following statements best define joint products?
A) 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.
B) 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.
C) 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.
D) 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.

Question

Quizplus · Accepted Answer

Joint products are products that are simultaneously produced by a single production process and have high total sales values relative to other products of the same process. Option D accurately explains joint products as products that have high total sales values relative to other products of the same process.

Which of the Following Statements Best Define Joint Products