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Cost Allocation: Joint Products and Byproducts MCQ Questions and Answers PDF Download eBook

Practice Cost Allocation Joint Products and Byproducts Multiple Choice Questions and Answers PDF, cost allocation joint products and byproducts MCQs with answers PDF worksheets, cost accounting test 1 for online college programs. Learn constant gross margin percentage nrv method MCQs, "Cost Allocation Joint Products and Byproducts" quiz questions and answers for admission and merit scholarships test. Learn constant gross margin percentage nrv method, irrelevant joint costs: decision making, sales value: split off method, joint cost basics, net realizable value method career test for online bachelor's degree in business.

"The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute" Multiple Choice Questions (MCQ) on cost allocation joint products and byproducts with choices total production cost of each product, gross margin percentage, allocated joint costs, and cost of split off point for free online classes. Practice constant gross margin percentage nrv method quiz questions for jobs' assessment test and online courses for online bachelor's degree in business management. Constant Gross Margin Percentage NRV Method Video

MCQs on Cost Allocation Joint Products & Byproducts Quiz PDF Download eBook

MCQ: 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

A

MCQ: An additional cost, incurred for some specific activity to bring processed product on to next production stage is

  1. partial cost
  2. relevant cost
  3. incremental cost
  4. irrelevant cost

C

MCQ: A joint cost allocation method is based on relative value of total sales, at the point of split off is classified as

  1. sales value at split off method
  2. joint costs at split off point method
  3. joint products value at split off method
  4. main product cost at split off method

A

MCQ: 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

D

MCQ: The difference between final sales value and separable costs is equal to

  1. net income
  2. net realizable value
  3. Gross margin
  4. Gross realizable value

B

Cost Accounting MCQs: Multiple Choice Questions and Answers (Quiz & Tests with Answer Keys)