The Arvid Corporation Manufactures Widgets, Gizmos, and Turnbols from a Joint

question 26

Multiple Choice

The Arvid Corporation manufactures widgets, gizmos, and turnbols from a joint process. May production is 2,000 widgets; 3,500 gizmos; and 4,000 turnbols. Respective per unit selling prices at splitoff are $30, $20, and $10. Joint costs up to the splitoff point are $75,000. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to the widgets?

• A)$30,882
• B)$26,471
• C)$17,647
• D)$28,125

---

Definitions:

Goals Against Average

A statistical measure used in sports, particularly hockey, to quantify the average number of goals a goalie allows per game.

Goalie

A player in sports, particularly in hockey or soccer, responsible for protecting the goal from being scored by the opposing team.

Shutout

In finance, it typically means being prevented from participating in an opportunity, often due to timing or fulfillment conditions not being met.

Monthly Base Salary

The fixed amount of money paid to an employee every month, excluding bonuses, benefits, or overtime.