A company produces three products from a joint production process:: A, B, and C. As a percentage of total sales value, a represents 50%, B 49.5%, and C .5%. Product C might be considered a:_ byproduct
What is joint production processes?
Joint processes are production processes during which the creation of one product also creates other products. it's a process in which one input yields multiple outputs. Joint production processes are common within the agriculture industry, the food manufacturing industry, and therefore the chemical industry.
What does one mean by joint product and by-product?
When the assembly of two or more products of similar value, are made along with same input and process, is named joint product. The term by-product means a product which is incidentally produced, during the processing operation of another product.
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