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Managerial Accounting

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Joint Products: How to Decide Which is a By-Product?

MGRACT-KEORYT

When you butcher a cow into individual beef parts, with some parts having a high sales value (e.g., steaks, roasts) and some parts having a minimal sales values (e.g., bones, organs), the two product types are respectively known as

A

profit products and by-products.

B

joint products and scrap.

C

main products and by-products.

D

main products and joint products.