When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.

When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called by products.

When two products are simultaneously produced in a process and one

Basic objective of cost accounting is ________

A. tax compliance.

B. financial audit.

C. cost ascertainment.

D. profit analysis.

View Answer

Process costing is suitable for ________.

A. hospitals

B. oil refing firms

C. transport firms

D. brick laying firms

View Answer

Cost classification can be done in ________.

A. two ways

B. three ways

C. four ways

D. several ways

View Answer

The cost which is to be incurred even when a business unit is closed is a _____.

A. imputed cost

B. historical cost

C. sunk cost

D. shutdown cost

View Answer

When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.

Solution (By Examveda Team)

Join The Discussion

Read More: MCQ Type Questions and Answers

When two products are simultaneously produced in a process and one...

When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.

Solution (By Examveda Team)

Join The Discussion

Read More: MCQ Type Questions and Answers