Essay
For each of the following methods of allocating joint costs, give a positive or a negative aspect of selecting each one to allocate joint costs.
a.sales value at split-off
b.estimated net realizable value method
c.the constant gross margin method
d.a physical measure such as volume
Correct Answer:

Verified
a.Positive: Costs are allocated to produ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q86: Bismite Corporation purchases trees from Cheney lumber
Q87: Bismite Corporation purchases trees from Cheney lumber
Q88: Allocating joint costs to individual products can
Q89: The only allowable method of joint cost
Q90: Which of the following statements best define
Q92: Woody City Manufacturing mills lumber for companies
Q93: When the selling prices at the split-off
Q94: In joint costing, outputs with no sales
Q95: Which of the following best describes how
Q96: What are the reasons for allocating joint