Net Realizable Value Method MCQs Quiz Online PDF Download

Learn net realizable value method MCQs, online MBA cost accounting test for distance education, online accounting courses prep. Practice cost allocation: joint products and byproducts multiple choice questions (MCQs), net realizable value method quiz questions and answers. GMAT test prep on 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.

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MCQs on Net Realizable Value MethodQuiz PDF Download

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