What is the name given to the products that are defined as two or more products that are obtained from a single primary material in the same production process and whose sales value is close to each other? a) Wastage B) By-product NS) Scrap D) combined product TO) Now
What is the name given to the products that are defined as two or more products that are obtained from a single primary material in the same production process and whose sales value is close to each other? a) Wastage B) By-product NS) Scrap D) combined product TO) Now
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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What is the name given to the products that are defined as two or more products that are obtained from a single primary material in the same production process and whose sales value is close to each other? |
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Expert Solution
Step 1
Explanation-
By-products are produced as a 'sub-product' or 'side-product' while manufacturing another product (main). By-product may be produced accidently while manufacturing some product. They have low sales value compared to main products.
When two or more products are obtained single primary material in same production process and whose sales value is close to each products are called as Joint Products or Combined product.
scrap contains rejected materials that are no longer useful and wastage is the waste material from manufacturing process.
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