Author Question: Which of the following is not true of the joint allocation methods? (Read 31 times)

Mr. Wonderful · **on:** Mar 6, 2021

Question 1

When the selling prices of all products at the split-off point are unavailable, the ________ is the best alternative for allocating joint costs.
◦ sales value at split-off method
◦ NRV method
◦ physical measures method
◦ constant gross-margin percentage method

Question 2

Which of the following is not true of the joint allocation methods?
◦ the sales value at the split-off method is the best measure of benefits received
◦ when selling prices of all products at the split-off are unavailable, the NRV method is the best alternative
◦ the constant gross-margin percentage NRV method treats the joint products as though they comprise a single product
◦ when selling prices are at the split-off point are available but further processing is necessary, the NRV method is the preferred allocation method

Liamb2179 · **Reply #1 on:** Mar 6, 2021

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