Sales Value: Split off Method Quiz Questions and Answers PDF - 25

MCQ 121: A joint cost allocation method is based on relative value of total sales, at the point of split off is classified as

1. sales value at split off method
2. joint costs at split off point method
3. joint products value at split off method
4. main product cost at split off method

MCQ 122: The flow of goods and services, from the start of gathering materials until the delivery of products, is known as

1. flow chart analysis
2. supply chain analysis
3. resource chain analysis
4. acquiring analysis

MCQ 123: The types of spoilage include

1. normal spoilage
2. abnormal spoilage
3. weighted spoilage
4. both a and b

MCQ 124: If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be

1. $5,850
2. $5,950
3. $9,950
4. $10,050

MCQ 125: The last step in developing operating budget is

1. implementing income
2. implementing the decision
3. efficient implementation
4. effective implementation