Learn net realizable value method MCQs, cost accounting test for online learning courses, test prep to practice test. Cost allocation: joint products and byproducts quiz has multiple choice questions (MCQ), net realizable value method quiz questions and answers, joint cost basics, sales value: split off method, irrelevant joint costs: decision making, net realizable value method tutorials for online accounting methods courses distance learning.

Cost accounting practice test MCQ: difference between final sales value and separable costs is equal to with choices net income, net realizable value, gross margin and gross realizable value for business students and scholars to prepare for entry tests for admission in online universities and colleges. Free study guide is for online learning net realizable value method quiz with MCQs to practice test questions with answers. Net Realizable Value Method Video

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

MCQ: If final sales are \$50000 and separable costs are \$35000, then net realizable value will be

1. \$15,000
2. \$85,000
3. \$35,000
4. \$50,000

A

MCQ: If value of final sales is \$48000 and net realizable value is \$35000, then value of sales costs would be

1. \$35,000
2. \$13,000
3. \$83,000
4. \$48,000

B

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

1. joint products value at split off method
2. main product cost at split off method
3. Gross realizable value method
4. net realizable value method

D

MCQ: Final sales is subtracted from net realizable value is used to calculate

1. separable costs
2. inseparable costs
3. joint costs
4. floating costs

A