In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as
A. Second incremental product
B. First incremental product
C. step down product
D. by-product
Answer: Option D
Solution(By Examveda Team)
In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as by-product.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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