Answer the Following Questions Using the Information Below

question 6

Multiple Choice

Answer the following questions using the information below:
The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January:
The cost of purchasing 250,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 242,500 gallons of good product was $760,000.
-What are the physical-volume proportions to allocate joint costs for Mr. DirtOut and Mr. SinkClean, respectively?

• A)59.00% and 41.00%
• B)60.82% and 39.18%
• C)39.18% and 60.82%
• D)59.79% and 40.21%

---

Definitions:

Development

The process of growth, progress, or evolution, often involving improvement in abilities, knowledge, or understanding.

Support for Creativity

Assistance or encouragement provided to foster innovation and original thinking.

Implementation and Diffusion

The process by which new ideas, practices, or innovations are put into use and spread within an organization or society.

Decision-making Model

A structured process for making choices by identifying a decision, gathering information, and assessing alternative resolutions.