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Costman Midterm

This document discusses three methods for calculating the cost of a single product: the reverse cost method which calculates total factory cost and then allocates it to the single product, the net realizable value method which takes the final sales value and subtracts separable costs, and the non-cost or sales value method which takes the total sales of the main product and byproduct and subtracts the total cost of the main product to find the cost of a single product.

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lingat airence
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41 views14 pages

Costman Midterm

This document discusses three methods for calculating the cost of a single product: the reverse cost method which calculates total factory cost and then allocates it to the single product, the net realizable value method which takes the final sales value and subtracts separable costs, and the non-cost or sales value method which takes the total sales of the main product and byproduct and subtracts the total cost of the main product to find the cost of a single product.

Uploaded by

lingat airence
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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(Reverse Cost method ) SALES - PROFIT - ADMINISTRATIVE AND SELLING EXPENSES = TOTAL FACT

(Net Realizable Value method) FINAL SALES VALUE - SEPARABLE COSTS


(Non cost or sales value method) Total Sales of main product and by product - Total Cost of main
TORY COST - COST OF SINGLE PRODUCT PRODUCED

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