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

The second step, in constant gross margin percentage Net Realizable Value (NRV)

Question

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

Options:

A . allocated joint costs

B . cost of split off point

C . Gross margin percentage

D . total production cost of each product

Answer: Option D
Answer: (d).total production cost of each product

Was this answer helpful ?

Next Question

Question 1. If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be....

Question 2. The gross margin is subtracted from sales value of all production to yield....

Question 3. 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 4. The point in joint production process, in which two or more products are separately identifiable is termed as....

Question 5. Joint cost allocation method for joint products, which is based on achievable value is known as....

Question 6. Any output that has total positive sales is a....

Question 7. The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output....the basis of actual level of output is classified as

Question 8. In corporate costs, the costs incur for employee recruitment, development and training are classified as....

Question 9. In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as....

Question 10. The difference between corresponding static budget and flexible budget amount is called....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0