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Cost Accounting MCQs

Cost Accounting MCQs - Topic

Scrap and Byproducts Accounting MCQ with Answers PDF

Solve Scrap and Byproducts Accounting Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career tests for online courses. Practice cost allocation: joint products and byproducts Multiple Choice Questions and Answers (MCQs), Scrap and Byproducts Accounting quiz questions for online college courses. Scrap and Byproducts Accounting MCQ PDF: joint cost basics, sales value: split off method, irrelevant joint costs: decision making, constant gross margin percentage nrv method test prep for online schools for business management.

"As compared to sale value of main products, the by-products have" Multiple Choice Questions (MCQ) on scrap and byproducts accounting with choices low sale value, high sale value, unstable sale value, and relevant sale value for online college courses. Practice scrap and byproducts accounting quiz questions for merit scholarship test and certificate programs for online business university.

MCQs on Scrap and Byproducts Accounting Quiz


As compared to sale value of main products, the by-products have

low sale value
high sale value
unstable sale value
relevant sale value


The aspects of accounting for scrap includes

physical tracking
non-inventoriable costing
inventory costing
both a and c


The costing, which explains how and when scrap affects the operating income of company is classified as

inventory costing
conversion costing
normal scrap costing
abnormal scrap costing

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