MBA Cost Accounting Practice Test 39

Joint Cost Basics Quiz PDF: Questions and Answers - 39

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The Quiz: In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as; "Joint Cost Basics" App Download (Android & iOS) Free with answers first incremental product, second incremental product, step down product and byproduct to study accounting certificate courses. Practice cost allocation joint products and byproducts questions and answers, Google eBook to download free sample for online bachelor degree programs in business administration.

Joint Cost Basics Questions and Answers PDF Download: Quiz 39

MCQ 191: In a joint process of production, the product which yields low volume of sales as compared to total sales of other products, specify as

A) Second incremental product

B) First incremental product

C) step down product

D) byproduct

MCQ 192: The number of employees who left the company, divided by average number of employees to calculate the ratio is called

A) employee turnover ratio

B) employee empowerment ratio

C) employee satisfaction ratio

D) employee training percentage

MCQ 193: The cost which is changed in proportion to level the total volume is

A) fixed cost

B) variable cost

C) total cost

D) infeasible cost

MCQ 194: In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate

A) fixed direct manufacturing cost

B) variable direct manufacturing cost

C) fixed indirect manufacturing cost

D) variable indirect manufacturing cost

MCQ 195: Throughout the period costs, costing methods are treated as

A) manufacturing in period

B) expenses of period

C) incurred in period

D) accrual in period

MBA Cost Accounting Exam Prep Tests

Estimating Cost Function using Quantitative Analysis MCQs

Prime Costs MCQs

Residual Income MCQs

Gross Margin Calculations MCQs

Planning of Variable and Fixed Overhead Costs MCQs

Constant Gross Margin Percentage NRV Method MCQs

Regression Equation MCQs

Revenue Allocation and Bundled products MCQs

Cost Variance Analysis and Activity Based Costing MCQs

Decentralization Costs MCQs

Use of Variances MCQs

Financial Perspective: Costs of Quality MCQs

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