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Subject - Accounting:

Cost and Management Accounting

MCQ - 264-266

Question:

In process costing, a joint product is

  1. a product which is later divided into many parts
  2. a product which is produced simultaneously with other products and is of similar value to at least one of the other products.
  3. A product which is produced simultaneously with other products but which is of a greater value than any of the other products.
  4. a product which is produced simultaneously with other products and is of similar value to at least one of the other products.

Correct Answer: B

Explanation:

Not Required

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355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: In process costing, a joint product is , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 264-266.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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