Use the Following Information to Answer the Following Questions

question 59

Multiple Choice

Use the following information to answer the following Questions
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $80,000) . Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method.
-The amount of joint cost allocated to Nuts and Bolts, respectively, would be:

• A) $32,000 and $40,000.
• B) $32,000 and $48,000.
• C) $48,000 and $32,000.
• D) $40,000 and $32,000.
• E) $40,000 and $40,000.

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Definitions:

Off-The-Record Contacts

Communications or discussions that take place outside of official channels, meant to be confidential and not publicly disclosed.

Problem Statement

A clear, concise description of an issue to be addressed or solved, often outlining the scope and significance of the problem.

Constructed

Something that has been built or formed by combining or assembling different parts or elements.

Complex Problems

Issues or challenges that are multidimensional and difficult to solve because they involve intricate interdependencies and variables.