Scrap and Byproducts Accounting MCQs Quiz Online PDF Download

Learn scrap and byproducts accounting 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), scrap and byproducts accounting quiz questions and answers, net realizable value method, joint cost basics, sales value: split off method, irrelevant joint costs: decision making, scrap and byproducts accounting tutorials for online business account courses distance learning.

Cost accounting practice test MCQ: as compared to sale value of main products, by-products have with choices low sale value, high sale value, unstable sale value and relevant sale value for online subjective aptitude tests, online learning, competitive exams with interesting topics for preparation. Free study guide is for online learning scrap and byproducts accounting quiz with MCQs to practice test questions with answers. Scrap and Byproducts Accounting Video

MCQs on Scrap and Byproducts Accounting Quiz PDF Download

MCQ: As compared to sale value of main products, by-products have

  1. low sale value
  2. high sale value
  3. unstable sale value
  4. relevant sale value


MCQ: Aspects of accounting for scrap includes

  1. physical tracking
  2. non-inventoriable costing
  3. inventory costing
  4. both a and c


MCQ: Costing, which explains how and when scrap affects operating income of company is classified as

  1. inventory costing
  2. conversion costing
  3. normal scrap costing
  4. abnormal scrap costing