Marin Products Produces Three Products - DBB-1,DBB-2,and DBB-3 from a Joint

question 28

Multiple Choice

Marin Products produces three products - DBB-1,DBB-2,and DBB-3 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.Key information about Marin's production,sales,and costs follows.
The amount of joint costs allocated to product DBB-1 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)$54,243.
• B)$757,895.
• C)$1,705,263.
• D)$49,202.
• E)$1,136,842.

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Definitions:

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.

Mean

The mean of a number set, found by dividing the total sum of the numbers by the quantity of numbers present in the set.

Confidence Interval

A selection of numerical values, from the analysis of sample stats, predicted to encapsulate the value of an unknown attribute of the population.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers together and dividing by the count of those numbers.