Vidyalelo
Commerce · Q721

Costing

Graduate and Post Graduate · Commerce · question 721

Q721

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

Answer: Option D

Solution

Answer: Option D
Solution:
Approaches used to allocate joint costs include sales value at split off method, net realizable value method and constant gross margin percentage NRV method.