The net realizable value (NRV) of a product is the difference between its joint costs up to the split-off point and additional processing costs after split-off.
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Q11: Determining exactly how much of a joint
Q12: Because joint-cost allocation is always arbitrary, it
Q13: By-products are outputs from a joint production
Q14: Because they are immaterial in value, by-products
Q15: The net realizable value (NRV) method allocates
Q17: The net realizable value method preserves the
Q18: The gross margin percentage of joint products
Q19: Companies prefer the physical-measures method of allocating
Q20: The physical-measure method of allocating joint costs
Q21: The final sales total of each product
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