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

question 65

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 net realizable value 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)$2,008,983.
• B)$286,496.
• C)$881,695.
• D)$667,345.
• E)$709,322.

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Definitions:

Group Process

The patterns of interaction, behavior, and dynamics that occur within a group setting.

Conform

To align one's behaviors, beliefs, or standards to those of a group or societal norms, often to fit in or be accepted.

Informal Group

A group that tends to form around common interests, habits, and personality traits.

Resolves

Determines an answer or solution to a problem.