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

A incremental product
B sunk product
C main product
D split off product

Correct Answer: main product

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 main product. A main product is a joint output that generates a significant portion of the net realizable value within a joint production process.
Bissoy MCQ
#Commerce #Costing

Related Questions

In a joint process of production, product which yields low volume of sales as compared to total sales of other products is known as
A Second incremental product
B First incremental product
C step down product
D by-product
A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?
A 1 : 2
B 4 : 5
C 1 : 1
D 3 : 2
Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.
A Material and parts
B Consumer products
C Industrial products
D Capital items
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A 3 :2
B 11:7
C 4:5
D 1:2
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
A direct cost measure method
B indirect cost measure method
C physical-measure method
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Last year the sales of Store X in December was 4 times the average of the monthly sales totals for January through November. The sales total for December was what fraction of the sale total for the year?
A 1/4
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A passenger paid 50% customs duty on accompanied baggage items. He paid another 20% sales tax on the total value of the items plus the custom duty paid. The total custom duty and sales tax is Tk. 350. what is the value of the item custom duty and sales tax?
A Tk.400
B Tk. 450
C Tk. 500
D None these
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A 10
B 11
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B joint products value at split off method
C constant gross margin percentage NRV method
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A B only
B A and B both
C A only
D C only

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