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Doctors Medicines MCQs Q&A

  1. sales value at split off method
  2. joint products value at split off method
  3. constant gross margin percentage NRV method
  4. Gross realizable value method
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1 Answers

Answer: Option 3

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.

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