MBA Cost Accounting Practice Tests

MBA Cost Accounting Online Tests

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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 Apple eBook (Free Sample) for online bachelor degree programs in business administration.

MCQ 1:

**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 2:

**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 3:

**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 4:

**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 5:

**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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