40+ Process costing MCQ | Cost Accounting MCQs (Free Resource)

41. Under the Market Value Method, Joint Costs are allocated according to _________ of individual products (a) Cost Price
(b) Market price or cost price whichever is less
(c) Sales Value
(d) Cost and Demand Price

42. Under the Average Unit Cost Method of apportionment of joint costs, the cost per unit of each product is
(a) Constant
(b) Different
(c) Same
(d) Semi-Variable

43. All costs incurred beyond the split-off point that are assignable to one or more individual products are called
(a) byproduct costs
(b) joint costs
(c) main costs
(d) separable costs