The primary factor that distinguishes a joint product from a by-product is the not the accounting method used to allocate joint costs.
The primary factor that distinguishes a joint product from a by-product is the not the relative total volume of the products.
By-products are the low-value products that occur naturally in the process of producing higher value products. They are, in a sense, accidental results of the production process. By-products are sold for whatever their sales value might be, and that sales value is very little. If the sales value were high, the by-product would instead be a joint product. Therefore, the primary factor that distinguishes a joint product from a by-product is their relative total sales value.
The primary factor that distinguishes a joint product from a by-product is the not the relative ease of selling the products.
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