Which One of the Following Methods of Allocating Joint Costs

question 33

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 measure method.
• C)Product measure method.
• D)Cost measure method.
• E)Sales value at split-off method.

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Definitions:

Capital Owners

Individuals or entities that own assets used in the production of goods and services, such as machinery, buildings, or money.

Cooperatives

Organizations or businesses owned and operated by their members, who share the benefits or profits.

Produced Goods

Items that have been manufactured or processed from raw materials, ready for sale and distribution in the marketplace.

Closed Shop

A form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times in order to remain employed.