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

question 140

Multiple Choice

Use the information below to answer the following question(s) .Cranbrook Chemical Ltd.manufactures two industrial compounds.In the month of May, 15,000 litres of direct material costing $160,000 were processed at a cost of $400,000.The joint process yielded 16,000 containers of a compound known as Jarlon and 4,000 containers of a compound known as Kharton.The respective selling prices of Jarlon and Kharton are $38 and $58.Both products may be processed further.Jarlon may be processed into Jaxton at an incremental cost of $8 per jar of the final product while Kharton may be processed into Kraxton at an additional cost of $32 per jar of the final product.The volume of jars of the final product are: 12,000 and 3,000 for Jaxton and Kraxton respectively.The selling price of Jaxton is $48 per jar.The selling price of Kraxton is $102 per jar.
-Using the NRV method, the amount of joint costs allocated to Jaxton is

• A)$170,408.
• B)$278,280.
• C)$121,720.
• D)$389,592.
• E)$111,312.

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Definitions:

Self-Monitoring Scale

A psychological measure that assesses an individual's ability to regulate their behavior in social situations based on the perceived social demands.

Reliable

The quality of being consistently good in quality or performance; able to be trusted or depended upon.

Measurement Error

The variation of a number around its true mean due to uncontrolled, essentially random influences; also called error variance.

Random

Characterized by a lack of order, predictability, or specific pattern, often used to describe events or processes.