Joint costs are allocated according to…………value of individual products under the market value method

Related MCQs

• The most important criterion for distinguishing between scrap, byproduct and joint product is…………of the products
• A method of costing applied where costs are collected and accumulated for each work order is ………………….
• A method of costing which is used to ascertain the cost of products at each stage of it’s manufacture is called
• In job costing each ………. Is a cost unit to which all costs are assigned
• ………… costs relate to processes and incurred after split off points
• The job costing each job is a ……………. to which all costs are assigned
• Period costs means
• ………… is the point of production at which separate products are identified
• The product has generally…………over the relative quantities of byproducts and the main products
• In marginal costing only…………is charged to products