Use the Information Below to Answer the Following Question(s)

question 184

Multiple Choice

Use the information below to answer the following question(s) .Chem Manufacturing Company processes direct materials up to the splitoff point, where two products (X and Y) are obtained and sold.The following information was collected for the month of November.Direct materials processed:
10,000 litres (10,000 litres yield 9,500 litres of good product and 500 litres of shrinkage)
The cost of purchasing 10,000 litres of direct materials and processing it up to the splitoff point to yield a total of 9,500 litres of good products was $975,000.The beginning inventories totalled 50 litres for X and 25 litres for Y.Ending inventory amounts reflected 300 litres of product X and 525 litres of product Y.October costs were per unit were the same as November.
-What is the approximate portion of the joint costs that should be allocated to products X and Y, respectively, using a physical volume measure?

• A)$461,858 and $513,142
• B)$487,500 and $487,500
• C)$513,142 and $461,858
• D)$529,285 and $445,715
• E)$530,000 and $470,000

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Definitions:

Discriminative Stimulus

A stimulus in the environment that increases the probability of a particular behavioral response due to its association with a reinforcement or punishment.

Stop Sign

A traffic sign designed to inform drivers that they must come to a complete stop and not proceed until it is safe to do so.

Positive Reinforcement

Positive reinforcement involves the addition of a rewarding stimulus following a desirable behavior, with the aim of increasing the likelihood of that behavior being repeated.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of that behavior being repeated in the future.