Answer the Following Questions Using the Information Below

question 182

Multiple Choice

Answer the following questions using the information below:
Yakima Manufacturing purchases trees from Cheney Lumber and processes them up to the splitoff point where two products (paper and pencil casings) are obtained.The products are then sold to an independent company that markets and distributes them to retail outlets.The following information was collected for the month of November:
The cost of purchasing 100 trees and processing them up to the splitoff point to yield 60,000 sheets of paper and 60,000 pencil casings is $3,000.Yakima's accounting department reported no beginning inventories and an ending inventory of 2,000 sheets of paper.
-If the sales value at splitoff method is used, what is the approximate production cost for each pencil casing?

• A)$0.0250
• B)$0.0255
• C)$0.0335
• D)$0.0357
• E)$0.0422

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Definitions:

Role Requirement

Expectations or obligations associated with a particular social or professional position that individuals are expected to fulfill.

Display Rules

Cultural norms that dictate the appropriate expressions of emotions in various social situations.

Social And Cultural Rules

Norms and guidelines that govern behaviors within societies and groups, often dictating what is considered acceptable or taboo.

Hans Selye

A Hungarian-Canadian endocrinologist who is recognized for his research on the effects of stress on the human body and for developing the concept of the General Adaptation Syndrome.