Question

g A joint product is: Select one: a. Any product which consists of several parts. b. Any product produced by a company with more than one product line. c. Any product involved in a make or buy decision. d. One of several products produced from a common input.

Answer 1

Answer:

The correct answer is letter "D": One of several products produced from a common input.

Explanation:

Joint products are those manufactured by large companies whose production process is the same at an early stage for all the different products being produced, but at a certain stage, called a split-off, the products begin to have their own characteristics.

Since the products initially come from the same input, the costs are allocated in the bundle. After the split-off, the cost of production is allocated to each type of product.