Under the Constant Gross Margin NRV Method

question 82

Multiple Choice

Under the constant gross margin NRV method:
I. Only the joint costs are deducted from revenue to determine the gross margin
II. The gross margin percentage is allocated to all main products
III. The allocation is calculated by subtracting the gross margin percentage and separable costs from revenue

• A) I and II only
• B) II and III only
• C) I and III only
• D) I, II, and III

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