According to this
method determination of the gross margin percentage for all of the products.
When we find out the overall gross margin percentage and subtract the
appropriate gross margin form the final sales value of each product to
calculate total costs for the product and at last to subtract the separate
costs to arrive at the joint cost amount.
Determination of the gross margin.
“Gleim’s book 15th edition for the CMA-USA
students and Professionals is the source
of all the examples and this topic”
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