Cost Accounting MCQs

Cost Accounting MCQ PDF - Topics

Learn Constant Gross Margin Percentage NRV Method Multiple Choice Questions (MCQ), Constant Gross Margin Percentage NRV Method quiz answers PDF to study cost accounting online course for cost accounting classes. Cost Allocation: Joint Products and Byproducts Multiple Choice Questions and Answers (MCQs), Constant Gross Margin Percentage NRV Method quiz questions for free online classes. "Constant Gross Margin Percentage NRV Method MCQ" PDF Book: joint cost basics, sales value: split off method, irrelevant joint costs: decision making, constant gross margin percentage nrv method test prep for online bachelor's degree in business.

"The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute" MCQ PDF: constant gross margin percentage nrv method with choices *gross margin percentage, total production cost of each product, allocated joint costs, and cost of split off point* for free online classes. Study constant gross margin percentage nrv method quiz questions for merit scholarship test and certificate programs for online bachelor's degree in business management.

**MCQ**: The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute

Gross margin percentage

total production cost of each product

allocated joint costs

cost of split off point

a

**MCQ**: The joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as

sales value at split off method

joint products value at split off method

constant gross margin percentage NRV method

Gross realizable value method

c

**MCQ**: The second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to compute

allocated joint costs

cost of split off point

Gross margin percentage

total production cost of each product

d

**MCQ**: The gross margin is subtracted from sales value of all production to yield

labor cost incurred on product

production cost incurred on product

marketing cost incurred on product

all of above

b

**MCQ**: The percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate

Gross margin in terms of amount of money

Gross margin in terms of separable costs

Gross margin in terms of total cost

Gross margin in terms of labor cost

a

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