Which One of the Following Methods of Allocating Joint Costs

question 72

Multiple Choice

Which one of the following methods of allocating joint costs uses a measure of weight, size or number of units to allocate joint costs to joint products?

• A)Net realizable value method.
• B)Physical unit method.
• C)Product measure method.
• D)Cost measure method.
• E)Sales value at split-off method.

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Definitions:

Table Value

A specific value located in a statistical table that is used to determine the significance or critical values in hypothesis testing.

Correlation Coefficient

A numerical measure of some type of correlation, meaning a statistical relationship between two variables, indicating strength and direction of a linear relationship between them.

Scatterplot

A type of graph used in statistics to display values for two variables for a set of data, showing how much one variable is affected by another.

Variables

Entities that can assume different values or categories in a study or experiment, influencing the outcomes of statistical analyses.