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Other Fields Homework Help Accounting Topic started by: jerico on Mar 14, 2015



Title: Which of the following statements is true of the methods for allocating joint costs?
Post by: jerico on Mar 14, 2015
Which of the following statements is true of the methods for allocating joint costs?
A) The sales value at splitoff method lacks a common basis for allocating joint costs to products.
B) The complexity of the sales value at splitoff method increases when managers make frequent changes to the sequence of post-splitoff processing decisions.
C) The NRV method assumes that none of the markup is attributable to the separable costs.
D) The NRV method treats the joint products as though they comprise a single product.


Title: Re: Which of the following statements is true of the methods for allocating joint costs?
Post by: cyborg on Mar 16, 2015
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Title: Re: Which of the following statements is true of the methods for allocating joint costs?
Post by: jerico on Mar 23, 2015
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!


Title: Re: Which of the following statements is true of the methods for allocating joint costs?
Post by: cyborg on Mar 23, 2015
;D