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Cost Accounting MCQs

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Joint Cost Basics MCQ with Answers PDF

Solve Joint Cost Basics Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career tests for online courses. Practice cost allocation: joint products and byproducts Multiple Choice Questions and Answers (MCQs), Joint Cost Basics quiz questions bank for online schools for business management. "Joint Cost Basics MCQ" book PDF: 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.

"In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as" Multiple Choice Questions (MCQ) on joint cost basics with choices second incremental product, first incremental product, step down product, and byproduct for online schools for business management. Practice joint cost basics quiz questions for merit scholarship test and certificate programs for online bachelor degree programs in business administration.

MCQs on Joint Cost Basics

1.

In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as

Second incremental product
First incremental product
step down product
byproduct

2.

The manufacturing, distribution and marketing costs incur after split off point is classified under

separable costs
joint costs
main costs
split off costs

3.

In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as

incremental product
sunk product
main product
split off product

4.

In a joint process of production, the two or more products that yield high volume of sales as compared to total sales of other products are classified as

split off product
joint product
sunk product
main product

5.

Any output that has total positive sales is a

joint product
main product
product
all of above
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