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: Option D
Solution(By Examveda Team)
Approaches used to allocate joint costs include sales value at split off method, net realizable value method and constant gross margin percentage NRV method.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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