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Constant Gross Margin Percentage NRV Method Quiz Questions and Answers 110 PDF Download

Learn constant gross margin percentage nrv method quiz, online cost accounting test 110 for online courses, distance learning. Free accounting MCQs questions and answers to learn constant gross margin percentage nrv method MCQs with answers. Practice MCQs to test knowledge on constant gross margin percentage nrv method, flexible budget: cost accounting, manufacturing, merchandising and service sector companies, pricing strategies, gross margin calculations for online business accounting software course test.

Free constant gross margin percentage nrv method course worksheet has multiple choice quiz question as gross margin is subtracted from sales value of all production to yield with options labor cost incurred on product, production cost incurred on product, marketing cost incurred on product and all of above with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study cost allocation: joint products & byproducts multiple choice questions based quiz question and answers. Constant Gross Margin Percentage NRV Method Video

Quiz on Constant Gross Margin Percentage NRV Method Quiz PDF Download Worksheet 110

Constant Gross Margin Percentage NRV Method Quiz

MCQ. Gross margin is subtracted from sales value of all production to yield

  1. labor cost incurred on product
  2. production cost incurred on product
  3. marketing cost incurred on product
  4. all of above

B

Flexible Budget: Cost Accounting Quiz

MCQ. Difference between flexible budget amount and corresponding actual result is called

  1. corresponding variance
  2. resultant variance
  3. flexible budget variance
  4. static budget variance

C

Manufacturing, Merchandising & Service Sector Companies Quiz

MCQ. Companies that buy raw materials and convert them into finished goods for customers are a part of

  1. manufacturing sector companies
  2. merchandising sector companies
  3. service sector companies
  4. raw material companies

A

Pricing Strategies Quiz

MCQ. Companies that perform in competitive markets using pricing approach are known as

  1. independent revenue approach
  2. market based approach
  3. dependent revenue approach
  4. cost based approach

B

Gross Margin Calculations Quiz

MCQ. If fixed cost is $20000, target operating income is $10000 and contribution margin per unit is $1200 then required units to be sold will be

  1. 55 units
  2. 45 units
  3. 35 units
  4. 25 units

D