Joint Cost Basics MCQs Quiz Online PDF Book Download

Joint cost basics MCQs, joint cost basics quiz answers for online learning accounting courses. Learn cost allocation: joint products and byproducts multiple choice questions (MCQs), joint cost basics quiz questions and answers. Career test on irrelevant joint costs: decision making, constant gross margin percentage nrv method, net realizable value method, joint cost basics test prep for certified accountant certification.

Learn cost allocation: joint products and byproducts practice test MCQs: in a joint process of production, product which yields low volume of sales as compared to total sales of other products, specify as to learn finance and accounting degree with options second incremental product, first incremental product, step down product, byproduct for masters in finance career path. Free skills assessment test for online learning joint cost basics quiz questions for competitive assessment in business majors for CMA certification. Joint Cost Basics Video

MCQ on Joint Cost BasicsQuiz Book Download

MCQ: In a joint process of production, 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

D

MCQ: Manufacturing, distribution and marketing costs incur after split off point is classified under

  1. separable costs
  2. joint costs
  3. main costs
  4. split off costs

A

MCQ: In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as

  1. incremental product
  2. sunk product
  3. main product
  4. split off product

C

MCQ: In a joint process of production, two or more products that yield high volume of sales as compared to total sales of other products are classified as

  1. split off product
  2. joint product
  3. sunk product
  4. main product

B

MCQ: Any output that has total positive sales is a

  1. joint product
  2. main product
  3. product
  4. all of above

D