Q. In a joint process of production, the two or more products that yield high volume of sales as compared to total sales of other products are classified as

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Q. Joint cost allocation method for joint products, which is based on achievable value is known as

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Q. Any output that has total positive sales is a

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Q. The point in joint production process, in which two or more products are separately identifiable is termed as

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Q. The costs incurred in production process that yield range of products simultaneously are known as

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Q. The percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate

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Q. The final sales is subtracted from net realizable value is used to calculate

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Q. If the percentage of overall gross margin is 15 and the final sales value of whole production is $20000, then the gross margin (in dollars) will be

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Q. The approaches used to allocate joint costs include

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Q. The net realizable value is added into separate costs to calculate

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Q. The gross margin percentage in constant gross-margin percentage NRV method is based on

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Q. The third step in constant gross margin percentage NRV Method to allocate joint cost is to compute

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Q. An expected future cost which diverges in unconventional course of action is known as

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Q. If the net realizable value is $20000 and the separable costs are $18000, then the final sales will be

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Q. The value of sales, consider sales value at split off method is of

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