Fill in the following blanks

(i) _______________ report forms the backbone of the process cost records (Cost of production/Job cost sheet).

(ii) Loss in excess of the normal spoilage is _________________ (abnormal loss/normal waste).

(iii) Production costs incurred prior to split-off point are called _____________ (joint costs/seperable costs).

(iv) Another name of unit method used for allocating joint costs is ____________ (physical quantities method/relative sales value).

(v) Where the joint products are heterogeneous, it is appropriate to use _____________ method

(weighted average cost/net reliable value).