Question

Which of the following combinations of products would be considered joint products? Select one: A. Chairs...

Which of the following combinations of products would be considered joint products?

Select one:

A. Chairs and tables

B. Machine oil and gasoline

C. Corn and alfalfa

D. Hamburgers and hot dogs

E. None of the above

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Homework Answers

Answer #1

Joint products are the two or more outputs resulting from the joint inputs. These prpducts are generated from the same production process. Joint products incur the common cost until a split off point arises.identification of joint products are important to allocate the cost for the products.

From the above optons

Answer : B ) Machine oil and gasoline.

From the refining the crude oil we get both machine oil and gasoline. From the single and same process.

Tables and chairs are co products.

Hamberg and hotdoga are alternatives.

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