Which of the following statements describing the alternative methods of joint cost allocation is FALSE? The constant gross percentage method will allocate costssuch that each product claims the same level of contribution to the company's profit after cost allocation The sales value -method be the company already decided to process its product further and the further processing costs involved are known Under the net realitable value methodeach product will exhibit the level of profitability in terms of its gross margin as a % of NRV Under the physical measures method a greater amount of joint costs will be allocated to the highvolume product than to the low volume product .

Which of the following statements describing the alternative methods of joint cost allocation is FALSE? The constant gross margin percentage method will allocate joint costs, such that each product claims the same level of contribution to the company's profit after cost allocation The sales value at split-off method cannot be used if the company already decided to process its product further and the further processing costs involved are known. Under the net realizable value method, each product will exhibit the same level of profitability in terms of its gross margin as a % of NRV. Under the physical measures method, a greater amount of joint costs will be allocated to the high-volume product than to the low-volume product