Which of the following choices correctly denotes the data needed to allocate joint costs under the relative-sales-value method?
A)Choice A
B)Choice B
C)Choice C
D)Choice D
E)Choice E

Question

Which of the following choices correctly denotes the data needed to allocate joint costs under the relative-sales-value method? 
A)Choice A 
B)Choice B 
C)Choice C 
D)Choice D 
E)Choice E

Quizplus · Accepted Answer

The relative-sales-value method allocates joint costs based on the relative sales value of each product. Therefore, the data needed would be the total sales value of each individual product, as well as the total sales value of all the products combined. Choices A, B, D, and E may be useful in determining profit margins or other financial metrics, but are not necessary for allocating joint costs using the relative-sales-value method.

Which of the Following Choices Correctly Denotes the Data Needed