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

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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. Any output that has total positive sales is a

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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. 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. The gross margin is subtracted from sales value of all production to yield

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Q. An expected future revenue, which diverges in unconventional course of action is classified as

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Q. In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as

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Q. The second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to compute

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Q. If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be

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Q. The method which allocates joint costs of joint products, considering physical measures such as volume or relative weight at point of split off is known as

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Q. The manufacturing, distribution and marketing costs incur after split off point is classified under

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

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Q. If the final sales are $50000 and the separable costs are $35000, then the net realizable value will be

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Q. As compared to sale value of main products, the by-products have

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Q. The difference between final sales value and separable costs is equal to

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Q. In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as

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Q. A joint cost allocation method is based on relative value of total sales, at the point of split off is classified as

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Q. An additional cost, incurred for some specific activity to bring processed product on to next production stage is

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Q. The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute

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