Which Joint Cost Allocation Method Is Described by the Following

question 118

Multiple Choice

Which joint cost allocation method is described by the following statement? Overall sales revenue minus overall costs (joint plus further processing costs) is calculated to yield gross profit and the gross profit percentage. Each product is then assigned the same cost of goods sold percentage.

• A)constant gross margin method
• B)weighted average method
• C)sales-value-at-split-off method
• D)net realizable method

---

Definitions:

Simple Dress

Clothing that emphasizes minimalism and avoids excessive decorations or complexities.

Christian Science Monitor

An international news organization that provides thoughtful, global coverage through its website, weekly magazine, and daily news briefing.

First Lady

The title "First Lady" is commonly used to refer to the wife of a head of state, notably in the context of the wife of the President of the United States.

Pablo Picasso

A Spanish painter, sculptor, printmaker, ceramicist, and stage designer who is widely regarded as one of the greatest and most influential artists of the 20th century and the co-creator of Cubism.