# Constant Gross Margin Percentage NRV Method MCQs Test Online PDF Download

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## MCQ on Constant Gross Margin Percentage NRV MethodQuiz PDF Download

MCQ: First step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute

- Gross margin percentage
- total production cost of each product
- allocated joint costs
- cost of split off point

A

MCQ: Joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as

- sales value at split off method
- joint products value at split off method
- constant gross margin percentage NRV method
- Gross realizable value method

C

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

- allocated joint costs
- cost of split off point
- Gross margin percentage
- total production cost of each product

D

MCQ: Gross margin is subtracted from sales value of all production to yield

- labor cost incurred on product
- production cost incurred on product
- marketing cost incurred on product
- all of above

B

MCQ: Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate

- Gross margin in terms of amount of money
- Gross margin in terms of separable costs
- Gross margin in terms of total cost
- Gross margin in terms of labor cost

A