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

Cost allocation joint products and byproducts multiple choice questions (MCQs), cost allocation joint products and byproducts test prep to learn MBA accounting quiz 1 for online MBA programs courses. Learn constant gross margin percentage nrv method multiple choice questions (MCQs), cost allocation joint products and byproducts quiz questions and answers. Free e-learning constant gross margin percentage nrv method, irrelevant joint costs: decision making, sales value: split off method, joint cost basics, net realizable value method test prep for online accounting information system courses distance learning.

Practice cost allocation joint products and byproducts career test with multiple choice question: an additional cost, incurred for some specific activity to bring processed product on to next production stage is, for business majors with options relevant cost, partial cost, incremental cost, irrelevant cost for online colleges for business degree. Professional skills assessment test for online learning constant gross margin percentage nrv method quiz questions with financial accounting MCQs for online GMAT test for GMAT exam preparation. Constant Gross Margin Percentage NRV Method Video

MCQ on Cost Allocation Joint Products & Byproducts Test 1Quiz PDF 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