The main product is usually produced in greater quantities than the

Related MCQs

• The product has generally…………over the relative quantities of byproducts and the main products
• ………….. product are produced incidental to the main product
• A portion of main contract entrusted to some one else
• Job costing is applied when the product are of …………… nature
• Cost of product in each stage is calculated in ………. Costing
• The finished product of last process is transferred to ……………… a/c
• The most important criterion for distinguishing between scrap, byproduct and joint product is…………of the products
• The finished product of one process becomes
• When the completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ………………..
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account