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StormLrd StormLrd
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6 years ago
The constant gross margin percentage of NRV method allocates joint costs to joint products in such a way that the gross margin on each joint product is the same as it was in the previous year.
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Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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6 years ago
False
Explanation:  The constant gross margin percentage of NRV method allocates joint costs to joint products in such a way that the overall gross margin percentage is identical for the individual products.
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