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Constant Gross Margin Percentage NRV Method Multiple Choice Questions (MCQ) PDF Download

The Constant Gross Margin Percentage NRV Method Multiple Choice Questions (MCQ Quiz) with Answers PDF (Constant Gross Margin Percentage NRV Method MCQ PDF e-Book) download to practice MBA Cost Accounting Tests. Study Cost Allocation: Joint Products and Byproducts Multiple Choice Questions and Answers (MCQs), Constant Gross Margin Percentage NRV Method quiz answers PDF to study accounting certificate courses. The Constant Gross Margin Percentage NRV Method MCQ App: Download free learning app for joint cost basics, sales value: split off method, irrelevant joint costs: decision making, constant gross margin percentage nrv method test prep for online schools for business administration.

The MCQ: Joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as; "Constant Gross Margin Percentage NRV Method" App Download (Free) with answers: Sales value at split off method; Joint products value at split off method; Constant gross margin percentage NRV method; Gross realizable value method; to study accounting certificate courses. Practice Constant Gross Margin Percentage NRV Method Quiz Questions, download Amazon eBook (Free Sample) for online bachelor degree programs in business administration.

Constant Gross Margin Percentage NRV Method MCQs: Questions and Answers PDF Download

MCQ 1:

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
MCQ 2:

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
MCQ 3:

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
MCQ 4:

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
MCQ 5:

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

MBA Cost Accounting Practice Tests

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Constant Gross Margin Percentage NRV Method App (Android & iOS)

Constant Gross Margin Percentage NRV Method App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (iOS & Android)

Financial Markets App (Android & iOS)

Financial Markets App (Android & iOS)

Marketing Management App (Android & iOS)

Marketing Management App (iOS & Android)