Inventory Costing: Manufacturing Companies Quiz Questions and Answers PDF Download eBook
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Quiz on Inventory Costing: Manufacturing Companies PDF Download eBook
MCQ: If the production is greater than sales, then operating income under absorption costing is
- higher income
- zero dividends
- negative income value
- lower income
A
MCQ: The learning curve models include
- cumulative average time learning model
- incremental unit time learning model
- incremental production learning model
- both a and b
D
MCQ: For slope coefficient b, the value of the estimated coefficient is considered as
- d-value
- c-value
- t-value
- b-value
C
MCQ: The companies that perform in less competitive markets and their market offerings significantly differ are classified as
- independent revenue approach
- market based approach
- cost based approach
- dependent revenue approach
C
MCQ: The approaches used to allocate joint costs include
- sales value at split off method
- net realizable value method
- constant gross margin percentage NRV method
- all of above
D