MBA Cost Accounting MCQs - Chapter 10

Cost Allocation: Joint Products and Byproducts Multiple Choice Questions (MCQ) PDF - 6

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Cost Allocation Joint Products & Byproducts Questions & Answers PDF Download: MCQ Quiz 6

MCQ 26: The gross margin percentage in constant gross-margin percentage NRV method is based on

total labor costs
total production
total revenues
total costs

MCQ 27: The third step in constant gross margin percentage NRV Method to allocate joint cost is to compute

Gross margin percentage
total production cost of each product
allocated joint costs
cost of split off point

MCQ 28: An expected future cost which diverges in unconventional course of action is known as

partial cost
total cost
irrelevant cost
relevant cost

MCQ 29: If the net realizable value is $20000 and the separable costs are $18000, then the final sales will be

$20,000
$18,000
$2,000
$38,000

MCQ 30: The value of sales, consider sales value at split off method is of

entire direct material of accounting period
entire production of accounting period
portion of production of accounting period
entire indirect material of accounting period

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