Use the Following Information for the Next 4 Questions

question 58

Multiple Choice

Use the following information for the next 4 questions.
(CPA) Johnson Manufacturing Company buys Fluron for $0.80 per gallon. At the end of processing in Department 1, Fluron splits off into products Alphon, Cryon, and Runon. Alphon is sold at the split-off point, with no further processing. Cryon and Runon require further processing before they can be sold; Cryon is processed in Department 2 and Runon is processed in Department 3. Following is a summary of costs and other related data for the year ended June 30, 20x5. There were no inventories on hand at July 1, 20x4, and there was no Fluron on hand at June 30, 20x5. All gallons on hand at June 30, 20x5 were complete as to processing. Johnson uses the net realizable value method of allocating joint costs.
-The cost of Cryon sold for the year ended June 30, 20x5, is

• A) $90,000
• B) $66,000
• C) $88,857
• D) $96,000

---

Definitions:

Transformational Leadership

A leadership style where leaders inspire and motivate followers to exceed expectations and foster significant change.

LMX Differentiation

The degree to which there are variations in the quality of relationships between leaders and different members within the same team or organization.

LMX Relationships

Leader-Member Exchange Relationships; a concept in organizational behavior that explores how leaders and followers establish relationships and how those relationships influence workplace dynamics.

LMX

Leader-Member Exchange, a theory describing the dyadic relationship quality between leaders and followers in an organization.