Answer: Option B
Explanation: Joint goods are various products that are manufactured simultaneously through a single production cycle. Until a split-off point, such goods generate homogeneous joint costs, and after that each component is handled separately. Costs will only be assigned to the combined goods before the split-off stage.
Each commodity must be of equivalent economic importance in order to qualify a joint product. If the two goods have a significantly different valuation, the more important product is deemed to be the flagship product, and the second product is referred to as a by-product.
Answer:
The correct answer is letter "B": 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 the split-off, the products begin to have their own characteristics. Since the products initially come from the same input, the costs are allocated in a bundle. After the split-off, the cost of production shall be allocated to each type of product.
