Breon Beef Company Uses the Relative Market Value Method of Allocating

question 111

Multiple Choice

Breon Beef Company uses the relative market value method of allocating joint costs in its production of beef products.Relevant information for the current period follows:
The total joint cost for the current period was $43,000.How much of this cost should Breon Beef allocate to sirloin?

• A)$ 0.
• B)$ 5,909.
• C)$ 8,600.
• D)$10,750.
• E)$43,000.

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Definitions:

Gastrocnemius

A major calf muscle that's involved in walking, running, and jumping, contributing to the plantar flexion of the foot at the ankle.

Soleus

A powerful muscle in the lower leg that is involved in standing and walking; it runs from just below the knee to the heel.

Extensor Digitorum Longus

A muscle in the leg that helps to extend the toes and dorsiflex the foot.

Orbicularis Oris

A complex of muscles in the lips that encircles the mouth, controlling movements such as closing and puckering.