MBA Cost Accounting MCQs - Chapter 10

Cost Allocation: Joint Products and Byproducts Quiz Questions and Answers PDF - 3

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Free Cost Allocation Joint Products and Byproducts Quiz Questions, Cost Allocation Joint Products and Byproducts quiz answers PDF, test 3 to learn online MBA Cost Accounting Course. Practice Net Realizable Value Method MCQs, Cost Allocation Joint Products and Byproducts MCQ questions and answers PDF to prepare for job interview. Free learning app: Cost Allocation Joint Products and Byproducts Quiz App Download & e-Book for constant gross margin percentage nrv method, joint cost basics, irrelevant joint costs: decision making career test for online business administration colleges.

The Quiz: If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be; "Cost Allocation Joint Products and Byproducts" App Download iOS & Android (Free) with answers $13,000, $35,000, $83,000 and $48,000 for online accounting masters programs. Study net realizable value method quiz questions, download Amazon eBook (Free Sample) for accredited online business schools.

Cost Allocation Joint Products & Byproducts Questions & Answers PDF Download: MCQ Quiz 3

MCQ 11: If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be

A) $35,000

B) $13,000

C) $83,000

D) $48,000

MCQ 12: The second step, in constant gross margin percentage Net Realizable Value (NRV) method, to allocate joint cost is to compute

A) allocated joint costs

B) cost of split off point

C) Gross margin percentage

D) total production cost of each product

MCQ 13: 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

A) incremental product

B) sunk product

C) main product

D) split off product

MCQ 14: An expected future revenue, which diverges in unconventional course of action is classified as

A) partial revenue

B) total revenue

C) relevant revenues

D) irrelevant revenues

MCQ 15: The gross margin is subtracted from sales value of all production to yield

A) labor cost incurred on product

B) production cost incurred on product

C) marketing cost incurred on product

D) all of above

MBA Cost Accounting Mock Tests

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Cost Function and Behavior MCQs

Decision Making Process and Information MCQs

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