Question: Give an example of joint products in a service industry
Give an example of joint products in a service industry and describe the main products and by-products.
Answer to relevant QuestionsHudziak Industries has two separate profit centers: Chemicals and Cosmetics. The firm acquires its major ingredient for both divisions jointly. Currently this material is purchased in 1,000-pound lots for $2,000. The ...Provide three or more examples of qualitative factors that might influence a decision to process a joint product beyond the split-off point. Deluxe Tours, a tour organizer, leased a cruise liner for a special round-the-world tour. The lease cost is $200,000. Two classes of passengers are booked on the tour: first class and economy class. The total revenue from ...Georgette Rheingold owns and operates a fruit smoothie manufacturing operation, Nutri-smoothie. She processes fruit and adds it to yogurt and produces fruit smoothies, the main product. She sells the rinds and waste to a ...Aromasoaps is a bulk buyer of soap by-products. These by-products are combined with secret recipe essences to develop three products. Joint costs for processing the soaps are $90,000. Aromasoaps treats all of its products as ...
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