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

question 77

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.
-An advantage of the sales value at splitoff method is

• A)the fact that it can be supported subjectively.
• B)the fact that only a few assumptions are required beyond the splitoff point.
• C)the fact that there may not be a ready market at the splitoff point.
• D)it always yields the same results as the gross margin percentage method.
• E)the cost allocation base is well understood.

Understand the impact of pollution control programs on reducing specific forms of water pollution.

Identify and explain various strategies and laws introduced to combat water pollution and their effectiveness.

Describe the causes and effects of cultural eutrophication and strategies to mitigate it.

Understand the relationship between river dynamics and pollutant susceptibility.

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Definitions:

Reacquired

Reacquired refers to the act of a company buying back its own shares from the marketplace, usually to increase shareholder value or to take advantage of perceived undervaluation.

Sarbanes-Oxley Act

A U.S. law passed in 2002 to protect investors by making corporate disclosures more reliable and accurate, aiming to prevent corporate fraud.

Corporate Shares

Financial instruments representing ownership in a company, typically entitling the shareholder to a portion of the profits.

Legal Contracts

Legal Contracts are legally binding agreements between two or more parties, which outline the terms and conditions of a particular arrangement or transaction.