Any saleable or usable value incidentally produced in addition to the main product is known as —

CS Executive · Cost and Management Accounting · PYQS · December 2014
Any saleable or usable value incidentally produced in addition to the main product is known as —
(A) Joint product
(B) By-product
(C) Co-product
(D) Scrap.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) By-product.

Topics: Process Costing

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