Two or more products that result from common inputs are called
A)split products.
B)joint products.
C)split-off products.
D)common products.

Question

Quizplus · Accepted Answer

Joint products are two or more products that result from common inputs. Split products refer to products that are the result of a single product being separated into two or more distinct products. Split-off products refer to products that are separated from a joint production process at a relatively early stage of production and can be sold as is or require further processing. Common products is not a term used in accounting to describe products resulting from common inputs.

Two or More Products That Result from Common Inputs Are