Q700
A joint cost allocation method is based on relative value of total sales, at point of split off is classified as
A.
sales value at split off method
AnswerB.
joint costs at split off point method
C.
joint products value at split off method
D.
main product cost at split off method
Answer: Option A
Solution
Answer: Option A
Solution:
A joint cost allocation method is based on relative value of total sales, at point of split off is classified as sales value at split off method. The split-off point is the point at which joint production stops and processing for separate products begins.