Garfield Company Processes Copper Ore into Two Products, C and U.The

question 107

Multiple Choice

Garfield Company processes copper ore into two products, C and U.The ore costs $5 per pound and conversion costs are $15 per pound.Garfield Company plans to produce 40,000 pounds of C and 20,000 pounds of U from 60,000 pounds of ore.C sells for $30 per pound and U sells for $40 per pound.Assuming the physical-units method of allocating joint costs, the amount of joint costs to product C would be _____.

• A)$800,000
• B)$600,000
• C)$200,000
• D)$0

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Definitions:

Monomer Structure

The fundamental unit that binds chemically to other molecules to form a polymer.

Atactic Polystyrene

A form of polystyrene where the phenyl groups are randomly arranged, resulting in an amorphous material with no regularity in its structure.

Isotactic Poly(acrylonitrile)

A polymer form of acrylonitrile where the substituent groups are on the same side of the polymer chain, leading to a highly ordered structure.

Copolymers

Polymers derived from more than one species of monomer, resulting in a material with varied properties.