Method which allocates joint costs of joint products, considering physical measures such as volume or relative weight at point of split off is known as
A. direct cost measure method
B. indirect cost measure method
C. physical-measure method
D. relative-measure method
Answer: Option C
Solution(By Examveda Team)
Method which allocates joint costs of joint products, considering physical measures such as volume or relative weight at point of split off is known as physical-measure method. The physical measure method allocates cost by the weight, volume, or some other measurement of the product that's produced.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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