100. .......... method of cost is adopted when by-products are utilised by the factory itself as input for some other process.

CS Executive · Cost and Management Accounting · PYQS · June 2021
100. .......... method of cost is adopted when by-products are utilised by the factory itself as input for some other process.
(A) Standard cost
(B) Replacement cost
(C) Market value
(D) Net realisable value

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Joint Products and By-Products

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