Q. Marginal costing is a…………of costing
✅ Correct Answer: (A)
Technique
Applied Cost Accounting MCQs and Notes
Q. Marginal costing is the aggregate of …………plus variable overheads
✅ Correct Answer: (C)
Prime Cost
Q. ………… is based on the distinction between fixed and variable cost
✅ Correct Answer: (D)
Marginal costing
Q. Joint costs are allocated according to…………value of individual products under the market value method
✅ Correct Answer: (B)
Sales
Q. The main product is usually produced in greater quantities than the
✅ Correct Answer: (C)
Byproduct
Q. The product has generally…………over the relative quantities of byproducts and the main products
✅ Correct Answer: (B)
No control
Q. ………… is the point of production at which separate products are identified
✅ Correct Answer: (C)
Split off point
Q. The cost incurred up to the point of separation are called …………cost
✅ Correct Answer: (C)
Byproduct
Q. ………… costs relate to processes and incurred after split off points
✅ Correct Answer: (D)
Subsequent
Q. The most important criterion for distinguishing between scrap, byproduct and joint product is…………of the products
✅ Correct Answer: (C)
Relative sales value