In order to calculate a cost for each joint product, the common costs – McqOptions

MCQOPTIONS

1.	In order to calculate a cost for each joint product, the common costs must be ________ between the joint products.
A.	Identified
B.	Allocated
C.	Apportioned
D.	None
Answer» D. None

Discussion

No Comment Found

Related MCQs

Which of the following would not be considered as a component of 'cost' of stock?
All such expenses which are incurred for creating and enhancing the demands for the products are
Which of the following is a valid classification of the salary paid to the foreman in charge of the packing department?
A cost that changes in total dollar amount with the change in the level of activity is known as:
The point at which joint products and by-products become separately identifiable is known as:
What would be the most appropriate way of apportioning depreciation costs across different manufacturing departments in a business?
In order to calculate a cost for each joint product, the common costs must be ________ between the joint products.
Which of the methods of apportionment is normally used for apportioning common costs between joint products?
In Units basis, Common costs are apportioned between joint products on the basis of the total number of units produced. The cost per unit is the same for all the joint products. (This is also described as the physical quantities basis).
By products are outputs from a joint process that are relatively minor in quantity and/or value.