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美國CPA模擬試題：Business（3）
For purposes of allocating joint costs to joint products, the sales price at point of sale, reduced by cost to complete after split-off, is assumed to be equal to the:
a. Total costs.
b. Sales price less a normal profit margin at point of sale.
c. Relative sales value at split-off.
d. Joint costs.
答案：C
Explanation
Choice "c" is correct. Sales price less the cost to complete is defined as the relative sales value at split-off. In other words, this is the additional contribution to income generated by completing the product.
Choice "a" is incorrect. Sales price at point of sale reduced by cost to complete is the additional contribution to income generated by completing the product. It is not equal to total costs.
Choice "d" is incorrect. Sales price at point of sale reduced by cost to complete is the additional contribution to income generated by completing the product. It is not equal to joint costs. (If it were, this would be a zero profit situation.)
Choice "b" is incorrect. Selling price less a normal profit margin is generally a cost figure. It is not equal to sales price less the cost to complete, which is the additional contribution to income generated by completing the product. (If it were, this would be a zero profit situation.)
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