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Practice Constant Gross Margin Percentage NRV Method Multiple Choice Questions (MCQ), constant gross margin percentage nrv method quiz answers PDF, cost accounting worksheets to practice mock test. Solve cost allocation: joint products and byproducts Multiple Choice Questions and Answers (MCQs), "Constant Gross Margin Percentage NRV Method" quiz questions and answers for free online classes. Learn irrelevant joint costs: decision making, constant gross margin percentage nrv method, net realizable value 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" Multiple Choice Questions (MCQ) on 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. Solve constant gross margin percentage nrv method quiz questions fmerit scholarship test and certificate programs for online bachelor's degree in business management. Constant Gross Margin Percentage NRV Method Video

## MCQs on Constant Gross Margin Percentage NRV Method PDF Download eBook

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

1. Gross margin percentage
2. total production cost of each product
3. allocated joint costs
4. 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

1. sales value at split off method
2. joint products value at split off method
3. constant gross margin percentage NRV method
4. 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

1. allocated joint costs
2. cost of split off point
3. Gross margin percentage
4. total production cost of each product

D

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

1. labor cost incurred on product
2. production cost incurred on product
3. marketing cost incurred on product
4. 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

1. Gross margin in terms of amount of money
2. Gross margin in terms of separable costs
3. Gross margin in terms of total cost
4. Gross margin in terms of labor cost

A