MBA Cost Accounting MCQs - Chapter 10

Cost Allocation: Joint Products and Byproducts Multiple Choice Questions (MCQ) PDF - 4

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The MCQ Quiz: In a joint process of production, the two or more products that yield high volume of sales as compared to total sales of other products are classified as; "Cost Allocation Joint Products and Byproducts" App APK Download (Free) with answers joint product, split off product, sunk product, and main product for accounting certifications online. Practice joint cost basics quiz questions, download Kindle eBook (Free Sample) for online business administration school.

Cost Allocation Joint Products & Byproducts Questions & Answers PDF Download: MCQ Quiz 4

MCQ 16: In a joint process of production, the two or more products that yield high volume of sales as compared to total sales of other products are classified as

split off product
joint product
sunk product
main product

MCQ 17: Joint cost allocation method for joint products, which is based on achievable value is known as

joint products value at split off method
main product cost at split off method
Gross realizable value method
net realizable value method

MCQ 18: Any output that has total positive sales is a

joint product
main product
product
all of above

MCQ 19: The point in joint production process, in which two or more products are separately identifiable is termed as

step down point
incremental point
split off point
inseparability point

MCQ 20: The costs incurred in production process that yield range of products simultaneously are known as

separable costs
joint costs
main costs
split off costs

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