If the Joint Production Costs Are Allocated Based on the Relative-Sales-Value

question 25

Multiple Choice

If the joint production costs are allocated based on the relative-sales-value method,the amount of joint cost assigned to product X would be:

• A)$20,000.
• B)$27,000.
• C)$33,000.
• D)$40,000.
• E)some other amount.

---

Definitions:

Export Operations

Activities involved in sending goods or services to another country for sale.

Tariff Classification

A system used by customs to categorize goods being imported or exported to determine duties and taxes.

Sight Draft

A financial document demanding immediate payment upon presentation to the drawee.

Sale of Goods Act

A set of laws that regulate the sale of goods, providing rights to buyers and obligations to sellers, including provisions for the quality, fitness, and description of the goods.