Joint Cost Basics Multiple Choice Questions and Answers PDF

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