BBA: Finance Courses

Chapter 10: MBA Cost Accounting Exam Tests

MBA Cost Accounting MCQs - Chapter 10

Cost Allocation: Joint Products and Byproducts Multiple Choice Questions (MCQ) PDF - 1

The e-Book Cost Allocation Joint Products and Byproducts Multiple Choice Questions and Answers (MCQs), Cost Allocation Joint Products and Byproducts MCQ Quiz PDF, test 1 to study online MBA Cost Accounting Quizzes. Practice Constant Gross Margin Percentage NRV Method MCQs, Cost Allocation Joint Products and Byproducts trivia questions and answers PDF to prepare for job interview. The Cost Allocation Joint Products and Byproducts MCQs App Download: Free learning app for 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 Multiple Choice Question (MCQ Quiz) First step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute: total production cost of each product, gross margin percentage, allocated joint costs and cost of split off point with "Cost Allocation: Joint Products and Byproducts" App Download (Free) for free online classes. Solve constant gross margin percentage nrv method quiz questions, download Google eBook (Free Sample) for online bachelor's degree in business management.

Cost Allocation Joint Products & Byproducts MCQ Quiz PDF Download: Test 1

MCQ 1: The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute

A) Gross margin percentage
B) total production cost of each product
C) allocated joint costs
D) cost of split off point

MCQ 2: An additional cost, incurred for some specific activity to bring processed product on to next production stage is

A) partial cost
B) relevant cost
C) incremental cost
D) irrelevant cost

MCQ 3: A joint cost allocation method is based on relative value of total sales, at the point of split off is classified as

A) sales value at split off method
B) joint costs at split off point method
C) joint products value at split off method
D) main product cost at split off method

MCQ 4: In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as

A) Second incremental product
B) First incremental product
C) step down product
D) byproduct

MCQ 5: The difference between final sales value and separable costs is equal to

A) net income
B) net realizable value
C) Gross margin
D) Gross realizable value

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