The constant gross-margin percentage NRV method allocates joint costs to joint products produced during the accounting period in such a way that each individual product achieves an identical gross-margin percentage.

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This statement is true. The constant gross-margin percentage NRV method is a way of allocating joint costs to joint products based on their relative sales values and gross margins, in order to achieve an equal gross-margin percentage for each individual product. This method is often used in industries where joint products have similar production costs and are sold in similar markets, such as the oil and gas industry or the food processing industry.

The Constant Gross-Margin Percentage NRV Method Allocates Joint Costs to Joint