Joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as

A sales value at split off method
B joint products value at split off method
C constant gross margin percentage NRV method
D Gross realizable value method

Correct Answer: constant gross margin percentage NRV method

Joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as constant gross margin percentage NRV method. Joint cost is the manufacturing cost incurred on a joint production process which takes common inputs but simultaneously produces multiple products called joint-products.
Bissoy MCQ
#Commerce #Costing

Related Questions

Joint cost allocation method for joint products, which is based on achievable value is known as
A joint products value at split off method
B main product cost at split off method
C Gross realizable value method
D net realizable value method
Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.
A Material and parts
B Consumer products
C Industrial products
D Capital items
A manufacturer sells three products i.e. A, B and C. Product A cost 200 and sells for 250, Product B costs 150 and sells for 180, Product C costs 100 and sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and B both
C A only
D C only
A manufacturer sells three products i.e A, B C. Product A costs 200 and sells for 250, product B costs 150 and sells for 180, Product C cost 100 and sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and B both
C A only
D C only
A manufacturer sells three products i.e A, B C. Product A costs 200 and sells for 250, product 150 and sells for 180, Product C cost 100 and sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and B both
C A only
D C only
Gross margin is the ratio of the gross profit to ______.
A Net sale
B Owner’s equity
C Inventory turnover
D Quick assets
h,J,K,L,M,N and O are the only legislators eligible to vote on Bills 1,2 and 3, each of which will be passed if at least four legislators eligible vote in favor of it. each legislator must vote on all three bills; on abstentions are possible. The following is known : *H must vote against all three bills; each of the other legislators must vote in favor of at least one bill and against at lest one bill. *j must vote against Bills 1. *O Must vote against Bills 2 and 3. * L must the same way that K dose on all three bills.*N must vote the same way that O dose on all three bills. which of the following must vote in favor of Bill 1 ?
A J
B K
C L
D O
h,J,K,L,M,N and O are the only legislators eligible to vote on Bills 1,2 and 3, each of which will be passed if at least four legislators eligible vote in favor of it. each legislator must vote on all three bills; on abstentions are possible. The following is known : *H must vote against all three bills; each of the other legislators must vote in favor of at least one bill and against at lest one bill. *j must vote against Bills 1. *O Must vote against Bills 2 and 3. * L must the same way that K dose on all three bills.*N must vote the same way that O dose on all three bills. If any bill is to be passed,which of the following must be among the legislators who vote in favor of it?
A J
B K
C M
D N
In incremental cost allocation method, cost object user who is ranked third in ranking order is classified as
A First incremental user
B primary user
C secondary user
D second incremental user
A manufacturer sells three products i.e A, B and C . Product A costs 200 and sells for 250, Product B costs 150 and sells for 180 , product C costs 100 adn sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and B both
C A only
D C only

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