Deli Products Produces Two Products, X and Y, in a Single

question 67

Multiple Choice

Deli Products produces two products, X and Y, in a single process. In 2011, the joint costs of this process were $25,000. In addition, 4,000 units of X and 6,000 units of Y were produced and sold. Separable processing costs beyond the split-off point were: X - $10,000; Y - $20,000. X sells for $10.00 per unit; Y sells for $7.50 per unit.
What is the gross profit of product Y assuming the physical units method is used?

• A)$25,000
• B)$-0-
• C)$10,000
• D)$15,000

Prepare a schedule of cost of goods manufactured.

Recognize costs necessary and integral to the manufacture of finished products.

Understand managerial accounting's purpose and its distinction from financial accounting.

Apply accounting knowledge to real-world manufacturing scenarios, like inventory management and cost controls.

---

Definitions:

Social Media

Platforms on the internet that enable users to create and share content or participate in social networking and communication.

Money

A medium of exchange for goods and services, typically in the form of coins and banknotes; a unit of account and store of value.

Self-discrepancy

A theory suggesting individuals experience discomfort (e.g., sadness, feeling threatened) from any discrepancy between their actual self and ideal or ought selves.

Emotional Reaction

The psychological and physical response to an event or stimulus that can range from happiness and joy to sadness, anger, or fear.