Garrison Co

question 30

Multiple Choice

Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow.The amount of joint costs allocated to product Y using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) :

• A) $12,000.
• B) $32,000.
• C) $36,000.
• D) $48,000.
• E) $72,000.

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Definitions:

Plasmid

A plasmid is a small, circular, double-stranded DNA molecule found in bacterial cells and some eukaryotes, often carrying genes that provide antibiotic resistance or other advantages to the cell.

PCR

Polymerase Chain Reaction, a laboratory technique used to amplify segments of DNA for analysis.

DNA Cloning

The process of selectively amplifying DNA sequences so their structure and function can be studied.

Transgenic Salmon

Salmon that have been genetically modified to grow faster than non-modified salmon.