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Cost Allocation: Joint Products and Byproducts Multiple Choice Questions 1 PDF eBook Download

Cost allocation joint products and byproducts multiple choice questions (MCQs), cost allocation joint products and byproducts quiz answers, MBA accounting test prep 1 to learn accounting for online CPA certification programs. Constant gross margin percentage nrv method MCQs, cost allocation joint products and byproducts quiz questions and answers for admission and merit scholarships test. Practice constant gross margin percentage nrv method, irrelevant joint costs: decision making, sales value: split off method, joint cost basics, net realizable value method career test for online bachelor's degree in business.

Learn cost allocation joint products and byproducts quiz with multiple choice questions: first step in constant gross margin percentage, net realizable value (nrv) method is to allocate joint, to compute, with choices total production cost of each product, gross margin percentage, allocated joint costs, and cost of split off point for free online classes. Practice jobs' assessment test for online learning constant gross margin percentage nrv method quiz questions with financial accounting MCQs for online bachelor's degree in business management. Constant Gross Margin Percentage NRV Method Video

MCQs on Cost Allocation Joint Products & Byproducts Test 1 PDF eBook 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: An additional cost, incurred for some specific activity to bring processed product on to next production stage is

  1. partial cost
  2. relevant cost
  3. incremental cost
  4. irrelevant cost

C

MCQ: A joint cost allocation method is based on relative value of total sales, at point of split off is classified as

  1. sales value at split off method
  2. joint costs at split off point method
  3. joint products value at split off method
  4. main product cost at split off method

A

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: Difference between final sales value and separable costs is equal to

  1. net income
  2. net realizable value
  3. Gross margin
  4. Gross realizable value

B