Examlex

Solved

The Berkel Corporation Manufactures Widgets, Gizmos, and Turnbols from a Joint

question 28

Multiple Choice

The Berkel Corporation manufactures Widgets, Gizmos, and Turnbols from a joint process. June production is 7000 widgets; 10,500 gizmos; and 12,500 turnbols. Respective per unit selling prices at split-off are $80, $55, and $30. Joint costs up to the split-off point are $188,500. If joint costs are allocated based upon the sales value at split-off, what amount of joint costs will be allocated to the widgets? (Do not round any intermediary calculations.)


Definitions:

Brown V. Board Of Education

A landmark 1954 U.S. Supreme Court decision that declared state laws establishing separate public schools for black and white students to be unconstitutional.

Confederate State

A state that was part of the Confederate States of America during the American Civil War, which seceded from the Union in an attempt to preserve slavery and states' rights.

Earl Warren

An American jurist and politician who served as the 14th Chief Justice of the United States, known for his leadership in landmark Supreme Court decisions, including Brown v. Board of Education.

Segregation

The enforced separation of different racial groups in daily life, such as in housing, education, and employment, historically sanctioned by law in the United States and other countries.

Related Questions