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 PDF Download: Quiz 1

MCQ 1:

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

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

partial cost
relevant cost
incremental cost
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

sales value at split off method
joint costs at split off point method
joint products value at split off method
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

Second incremental product
First incremental product
step down product
byproduct

MCQ 5:

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

net income
net realizable value
Gross margin
Gross realizable value

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