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The dual -rate cost -allocation method provides better information for decision making than the single - rate method as it differentiates between fixed and variable
The dual -rate cost -allocation method provides better information for decision making than the single - rate method as it differentiates between fixed and variable costs and its allocation O True False Which of the following best describes how the constant gross-margin percentage NRV method allocates joint costs? A. A gross margin is calculated and for each product the gross margin is deducted along with separable costs from the final sales value of a product to derive the joint cost allocation for a product. O B. A gross margin is calculated and for each product the gross margin is deducted along with the final sales value of a product to derive the joint cost allocation for a product O C. An overall gross margin is calculated and for each product the gross margin is deducted along with separable costs from the final sales value of a product to derive the joint cost allocation for the product. O D. An overall gross margin is calculated and for each product the gross margin is deducted along with separable costs from the final sales value of all the products produced in the joint processing and the allocations are then made based on physical volume measures. When a single manufacturing process yields two products, one of which has a relatively high sales value compared to the other, the two products are respectively known as: A. main products and byproducts O B. joint products and byproducts 0 .. main products and joint products 0 D. joint products and scrap The dual - rate cost-allocation method classifies costs in each cost pool into a: 0 A. variable-cost pool and a fixed-cost pool O B. budgeted-cost pool and an actual-cost pool O c. direct-cost pool and a reciprocal-cost pool 0 D. direct-cost pool and an indirect-cost pool
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