The most important criterion for distinguishing between scrap, by-product and joint product is _______ of the products.

CS Executive · Cost and Management Accounting · PYQS · December 2015
The most important criterion for distinguishing between scrap, by-product and joint product is _______ of the products.
(A) Related purchase value
(B) Relative sales value
(C) Production cost
(D) Total cost.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Joint Products and By-products

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