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Explain the "Net Realisable Value" (NRV) method approach to allocate joint costs. [8 marks]

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Finance

Explain the "Net Realisable Value" (NRV) methodapproach to allocate joint costs.
[8 marks]

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3.7 Ratings (610 Votes)
Net REalisbale Value method to allocate joint costs is used in cases where two or more produdcts undergo a common process upto a certain stage and after that stage they also undergo a seprate process and incur separate costs as well For example a company processes a raw material and after a    See Answer
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Explain the "Net Realisable Value" (NRV) methodapproach to allocate joint costs.[8 marks]

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