RKH Corporation Produces Three Joint Products

question 56

Multiple Choice

RKH Corporation produces three joint products. During a recent accounting period, joint costs totalled $365 and RKH had no beginning inventories. Additional data appear below: M1 M2 M3
Volume (kilograms) 150 50 300
Sales value at the split-off point $375 $155 $600
Sales value after further processing $450 $200 $900
Separable costs $50 $35 $100
Using the constant gross margin NRV method, the combined gross margin percentage (rounded to the nearest whole percent) is:

• A)65%
• B)88%
• C)76%
• D)None of the above

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Behavior that goes against established moral principles or professional standards.

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