MBA Cost Accounting MCQs - Chapter 10

Cost Allocation: Joint Products and Byproducts MCQ (Multiple Choice Questions) PDF - 2

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The MCQ: As compared to sale value of main products, the by-products have; "Cost Allocation Joint Products and Byproducts" App Download Android & iOS (Free) with answers high sale value, low sale value, unstable sale value and relevant sale value to study online MBA accounting courses. Practice scrap and byproducts accounting quiz questions, download Apple Book (Free Sample) for online business university.

Cost Allocation Joint Products & Byproducts Questions & Answers PDF Download: MCQ Quiz 2

MCQ 6: As compared to sale value of main products, the by-products have

A) low sale value

B) high sale value

C) unstable sale value

D) relevant sale value

MCQ 7: If the final sales are $50000 and the separable costs are $35000, then the net realizable value will be

A) $15,000

B) $85,000

C) $35,000

D) $50,000

MCQ 8: The joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as

A) sales value at split off method

B) joint products value at split off method

C) constant gross margin percentage NRV method

D) Gross realizable value method

MCQ 9: The manufacturing, distribution and marketing costs incur after split off point is classified under

A) separable costs

B) joint costs

C) main costs

D) split off costs

MCQ 10: The method which allocates joint costs of joint products, considering physical measures such as volume or relative weight at point of split off is known as

A) direct cost measure method

B) indirect cost measure method

C) physical-measure method

D) relative-measure method

MBA Cost Accounting Mock Tests

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