The Estimated Net Realizable Value Method Allocates Joint Costs on the Basis

question 72

True/False

The estimated net realizable value method allocates joint costs on the basis of the expected final sales value in the ordinary course of business, less the expected separable costs of production and marketing of the total production for the period.

---

Definitions:

Cremaster Muscle

Extension of abdominal muscles originating from the internal oblique muscles; in the male, raises the testicles; in the female, envelops the round ligament of the uterus.

Dartos Muscle

Layer of smooth muscle in the skin of the scrotum; contracts in response to lower temperature and relaxes in response to higher temperature; raises and lowers testes in the scrotum.

Epididymis

A coiled tube where sperm are stored and mature, located at the back of the testis.

Acrosome

Cap on the head of the spermatozoon, with hydrolytic enzymes that help the spermatozoon penetrate the ovum.