101. In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as
102. Difference between final sales value and separable costs is equal to
103. As compared to sale value of main products, by-products have
104. If final sales are $50000 and separable costs are $35000, then net realizable value will be
105. Joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as
106. Manufacturing, distribution and marketing costs incur after split off point is classified under
107. Method which allocates joint costs of joint products, considering physical measures such as volume or relative weight at point of split off is known as
108. If value of final sales is $48000 and net realizable value is $35000, then value of sales costs would be
109. Second step, in constant gross margin percentage NRV method, to allocate joint cost is to compute
110. In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as
Read More Section(Costing)
Each Section contains maximum 100 MCQs question on Costing. To get more questions visit other sections.