costaccounting（costaccounting）.docVIP

Cost accounting 2 final exam 2009/2010 Islamic university – Gaza Tuesday 24/06/2010 College of commerce 55 marks 2 hours Accounting department Name: …………………………………………………… Id.:………………………… Question 1 (15 marks):True or False. # Statement F 1 Joint costs are incurred beyond the splitoff point and are assignable to individual products. F 2 The focus of joint costing is assigning costs to individual products as assembly occurs. F 3 All products yielded from joint product processing have some positive value to the firm. F 4 Net realizable value generally means expected sales value