Which of the following methods allocates joint production costs based on the kilograms of product produced?

Question

Quizplus · Accepted Answer

The physical units method is based on the weight or volume of the products produced in the joint process. Therefore, this method allocates joint production costs based on the kilograms of product produced. The sales-value-at-split-off method considers the revenue generated at the split-off point, the constant gross margin percentage method allocates costs based on the expected gross margin percentage, and the replacement cost method allocates costs based on what it would cost to replace a product with a similar one.

Which of the Following Methods Allocates Joint Production Costs Based