The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute Options: A . &nbspGross margin percentage B . &nbsptotal production cost of each product C . &nbspallocated joint costs D . &nbspcost of split off point

The first step in constant gross margin percentage, Net realizable value (NRV) m

Question

The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute

Options:

A . Gross margin percentage

B . total production cost of each product

C . allocated joint costs

D . cost of split off point

Answer: Option A
Answer: (a).Gross margin percentage

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Question 1. In a joint process of production, the product which yields low volume of sales as compared to total sales of other produ....as compared to total sales of other products, specify as

Question 2. An additional cost, incurred for some specific activity to bring processed product on to next production stage is....

Question 3. The method which allocates joint costs of joint products, considering physical measures such as volume or relative weigh....relative weight at point of split off is known as

Question 4. An expected future revenue, which diverges in unconventional course of action is classified as....

Question 5. In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other....to total sales volume of other products is known as

Question 6. The second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to com....Value (NRV) method, to allocate joint cost is to compute

Question 7. If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be....

Question 8. The gross margin is subtracted from sales value of all production to yield....

Question 9. In a joint process of production, the two or more products that yield high volume of sales as compared to total sales of....compared to total sales of other products are classified as

Question 10. The point in joint production process, in which two or more products are separately identifiable is termed as....

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