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Cost Allocation: Joint Products & Byproducts Quiz: App Download & e-Book PDF

MBA Cost Accounting MCQs - Chapter 10

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

The Cost Allocation Joint Products and Byproducts Quiz Questions and Answers PDF (Cost Allocation Joint Products and Byproducts Quiz PDF e-Book) download Ch. 10-3 to learn MBA Cost Accounting Course. Practice Net Realizable Value Method MCQs, Cost Allocation Joint Products and Byproducts MCQ questions and answers PDF for online business administration colleges. The Cost Allocation Joint Products and Byproducts Quiz App Download: Free MBA Cost Accounting App to learn constant gross margin percentage nrv method, joint cost basics, irrelevant joint costs: decision making career test for accredited online business schools.

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 (iOS, Android) with answers: $13,000, $35,000, $83,000, and $48,000 for online accounting masters programs. Study Flexible Budget: Cost Accounting Quiz Questions, download Amazon eBook (Free Sample) for online business administration colleges.

Cost Allocation Joint Products & Byproducts Exam Questions and Answers PDF Download: Test 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

  1. $35,000
  2. $13,000
  3. $83,000
  4. $48,000
MCQ: 12

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

  1. allocated joint costs
  2. cost of split off point
  3. Gross margin percentage
  4. 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

  1. incremental product
  2. sunk product
  3. main product
  4. split off product
MCQ: 14

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

  1. partial revenue
  2. total revenue
  3. relevant revenues
  4. irrelevant revenues
MCQ: 15

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

  1. labor cost incurred on product
  2. production cost incurred on product
  3. marketing cost incurred on product
  4. all of above

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