Constant Gross Margin Percentage NRV Method MCQs Questions and Answers PDF Book Download

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Learn cost allocation: joint products and byproducts test MCQs: first step in constant gross margin percentage, net realizable value (nrv) method is to allocate joint, to compute, with choices gross margin percentage, total production cost of each product, allocated joint costs, and cost of split off point for business administration degree online. Practice merit scholarships assessment test, online learning constant gross margin percentage nrv method quiz questions for competitive assessment in business majors for CPA certification. Constant Gross Margin Percentage NRV Method Video

MCQ on Constant Gross Margin Percentage NRV MethodQuiz Book Download

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

  1. Gross margin percentage
  2. total production cost of each product
  3. allocated joint costs
  4. 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

  1. sales value at split off method
  2. joint products value at split off method
  3. constant gross margin percentage NRV method
  4. 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

  1. allocated joint costs
  2. cost of split off point
  3. Gross margin percentage
  4. total production cost of each product

D

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

  1. labor cost incurred on product
  2. production cost incurred on product
  3. marketing cost incurred on product
  4. all of above

B

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

  1. Gross margin in terms of amount of money
  2. Gross margin in terms of separable costs
  3. Gross margin in terms of total cost
  4. Gross margin in terms of labor cost

A