BBA Finance Degree Courses

Chapter 10: MBA Cost Accounting Exam Tests

MBA Cost Accounting MCQs - Chapter 10

# Cost Allocation: Joint Products and Byproducts Multiple Choice Questions (MCQs) PDF Download - 1

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The Cost Allocation Joint Products and Byproducts Multiple Choice Questions (MCQs) with Answers PDF (Cost Allocation Joint Products and Byproducts MCQs PDF e-Book) download Ch. 10-1 to study MBA Cost Accounting Course. Practice Constant Gross Margin Percentage NRV Method MCQs, Cost Allocation Joint Products and Byproducts trivia questions and answers PDF for online bachelor's degree in business. 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 MBA accounting programs.

The Multiple Choice Question (MCQ): The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute; "Cost Allocation: Joint Products and Byproducts" App Download (Free) with answers: Total production cost of each product; Gross margin percentage; Allocated joint costs; Cost of split off point; for online bachelor's degree in business. Solve Nonlinearity & Cost Functions Quiz Questions, download Google eBook (Free Sample) for online bachelor's degree in business management.

## Cost Allocation Joint Products & Byproducts MCQ with Answers : Quiz 1

MCQ 1:

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
MCQ 2:

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
MCQ 3:

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
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

1. Second incremental product
2. First incremental product
3. step down product
4. byproduct
MCQ 5:

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

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