Joint Cost Basics Notes Questions with Answers PDF Download – Test 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:

1. Second incremental product
2. First incremental product
3. step down product
4. byproduct

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

1. employee turnover ratio
2. employee empowerment ratio
3. employee satisfaction ratio
4. employee training percentage

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

1. fixed cost
2. variable cost
3. total cost
4. infeasible cost

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

1. fixed direct manufacturing cost
2. variable direct manufacturing cost
3. fixed indirect manufacturing cost
4. variable indirect manufacturing cost

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

1. manufacturing in period
2. expenses of period
3. incurred in period
4. accrual in period