Doberman Company Manufactures Three Products from a Joint Process Assuming the Relative- Sales- Value Method of Allocating Joint Costs

question 80

Multiple Choice

Doberman Company manufactures three products from a joint process. Joint costs for the year amounted to $250,000. The following data are also available: $$\begin{array}{l}&&\text { Sales } V \text { alue at }\\\text { Product } & \text { Units Produced } & \text { Split- off } \\\mathrm{X} & \mathbf{5 , 0 0 0} & \$ 70,000 \\\mathrm{Y} & 3,000 & \$ 30,000 \\\mathrm{Z} & 2,000 & \$ 100,000\end{array}$$ Assuming the relative- sales- value method of allocating joint costs, the amount of joint costs allocated to product Y would be:

• A) $37,500
• B) $250,000
• C) $30,000
• D) $75,000

Recognize the use and limitations of SPSS software in statistical testing.

Understand the practical implication of effect sizes in research interpretation.

Understand the concept and utility of effect size in research studies.

Recognize the role of sample size in the computation of effect size.

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Definitions:

Receivables Balance

The total amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Average Collection Period (ACP)

Measures the average number of days it takes for a company to collect payments from its customers.

Financial Planning

The process of creating strategies for managing financial resources to meet life goals.

Sales Growth

The increase in sales over a specific period, indicating the competitiveness and overall health of a company.