The approaches used to allocate joint costs include – McqOptions

MCQOPTIONS

1.	The approaches used to allocate joint costs include
A.	sales value at split off method
B.	net realizable value method
C.	constant gross margin percentage NRV method
D.	all of above
Answer» E.

Discussion

No Comment Found

Related MCQs

The value of sales, consider sales value at split off method is of
If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be
The division of all the costs related to customers on the basis of different cost allocation bases or cost drivers are called
The approaches used to allocate joint costs include
If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be
In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as
The final sales is subtracted from net realizable value is used to calculate
If the percentage of overall gross margin is 15 and the final sales value of whole production is $20000, then the gross margin (in dollars) will be
In corporate costs, the cost incurred to finance construction of new equipment are classified as
The net realizable value is added into separate costs to calculate