Joint Cost Basics Multiple Choice Questions (MCQ) PDF Download

MCQ 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

1. Second incremental product
2. First incremental product
3. step down product
4. byproduct

MCQ 2: The manufacturing, distribution and marketing costs incur after split off point is classified under

1. separable costs
2. joint costs
3. main costs
4. split off costs

MCQ 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

1. incremental product
2. sunk product
3. main product
4. split off product

MCQ 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

1. split off product
2. joint product
3. sunk product
4. main product

MCQ 5: Any output that has total positive sales is a

1. joint product
2. main product
3. product
4. all of above