Allocating joint costs to products using a value basis method is based on their relative:Multiple ChoiceTotal costs.Variable costs.Sales values.Direct costs.Gross margins.

I. Allocating the joint cost using:A. Physical Measure or Value/Average Unit Cost/Production Output Method,determine the:1. The average unit cost amounted to:2. The share in joint cost for Product JP-12 amounted to:B. Weighted Average Method or Survey method, determine the:3. The joint cost per weight factor4. The share in joint cost for Product JP-25 amounted to:C. Sales/Market Value at Split-off point Approach (Sales Revenue), determinethe:5. The percentage of joint cost to sales value:6. The share in joint cost for Product JP-79 amounted to:D. Net Realizable Value at Split-off Point Approach, determine the:7. The percentage of joint costs to net realizable value (NRV) at split-off:8. The share in joint cost for Product JP-12 amounted to:E. Approximated (Estimated) Net Realizable Value at Split-off or HypotheticalMarket Value Approach, determine the:9. The percentage of joint costs to approximated/estimated NRV at split-off:10. The unit cost for Product JP-25 amounted to:

In regard to joint cost allocation, the "split-off point" is:Multiple ChoiceThe difference between the actual and market value of joint costs.The point at which the total cost of each products is applied.The point at which separate products can be identified.Not acceptable when using the value basis for allocating joint costs.The point at which some products are sold and some remain in inventory.

Marginal costing is a technique that focuses on the:a.Calculation of total costsb.Analysis of fixed costsc.Separation of variable costs from fixed costsd.Determination of profit margins

The Mallak Company produced three joint products at a joint cost of $181,600. Two of these products were processed further. Production and sales were:Product Weight Sales Additional Processing CostsP 417,000 pounds $ 333,600 $ 250,200Q 180,000 pounds 54,000 0R 180,000 pounds 315,000 180,000If the estimated net realizable value method is used and product Q is accounted for as a main product, how much of the joint costs would be allocated to product R?Note: Do not round intermediate calculations.Multiple Choice$90,000$81,667$78,889$102,500

Multiple Choice QuestionWhich costing method can be helpful to management in setting prices because it reflects full costs that sales must exceed for the company to be profitable?Multiple choice question.Absorption costingVariable costing