ACCT
ACCT3032TuteSols80.pdf

ACCT3032TuteSols80.pdf - 315 Award 1.00 point The estimated...

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315. Award: 1.00 point 316. Award: 1.00 point 317. Award: 1.00 point 318. Award: 1.00 point The estimated net realizable value at the split-off point is calculated by taking the sales value after further processing and deducting the additional processing costs. True False References True / False Difficulty: 1 Easy Learning Objective: 11-07 Allocate joint costs using the net realizable value method. If a company's two joint products can be sold at the split-off point, there is no reason for allocating the joint costs to the products. True False References True / False Difficulty: 2 Medium Learning Objective: 11-07 Allocate joint costs using the net realizable value method. The physical quantities method of allocating joint costs is often used when the output sales prices are highly volatile. True False References True / False Difficulty: 1 Easy Learning Objective: 11-08 Allocate joint costs using the physical quantities method. The physical quantities method allocates joint costs so that each joint product has the same gross margin as a percentage of sales.
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