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Determine of cost allocation ratio

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Reference no: EM132561162

Question 1: This method of allocating joint manufacturing costs to main products allocates joint cost based using the weight factors to include such diverse elements as amount of material used, difficulty to manufacture, time consumed, difference in type of labor used, and size of unit for determination of cost allocation ratio.

a. Market value at split-off approach

b. Hypothetical market value or approximated net realizable value approach

c. Average unit or production output method

d. Weighted average method

Reference no: EM132561162

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