Examlex

Solved

Answer the Following Question(s) Using the Information Below

question 126

Multiple Choice

Answer the following question(s) using the information below:
The Morton Company processes unprocessed goat milk up to the splitoff point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October:
Answer the following question(s)  using the information below: The Morton Company processes unprocessed goat milk up to the splitoff point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October:      The costs of purchasing the 65,000 litres of unprocessed goat milk and processing it up to the splitoff point to yield a total of 58,500 litres of salable product was $72,240. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 19,500 litres (the remainder is shrinkage)  of a medicinal milk product, Xyla, for an additional processing cost of $3 per usable litre. Xyla can be sold for $18 per litre. Skim goat milk can be processed further to yield 28,100 litres of skim goat ice cream, for an additional processing cost per usable litre of $2.50. The product can be sold for $9 per litre. There are no beginning and ending inventory balances. -Which method of allocating costs would be used if the selling prices of all products at the splitoff point are unavailable? A)  sales value at splitoff method B)  NRV method C)  physical measures method D)  constant gross-margin percentage method E)  reciprocal method Answer the following question(s)  using the information below: The Morton Company processes unprocessed goat milk up to the splitoff point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October:      The costs of purchasing the 65,000 litres of unprocessed goat milk and processing it up to the splitoff point to yield a total of 58,500 litres of salable product was $72,240. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 19,500 litres (the remainder is shrinkage)  of a medicinal milk product, Xyla, for an additional processing cost of $3 per usable litre. Xyla can be sold for $18 per litre. Skim goat milk can be processed further to yield 28,100 litres of skim goat ice cream, for an additional processing cost per usable litre of $2.50. The product can be sold for $9 per litre. There are no beginning and ending inventory balances. -Which method of allocating costs would be used if the selling prices of all products at the splitoff point are unavailable? A)  sales value at splitoff method B)  NRV method C)  physical measures method D)  constant gross-margin percentage method E)  reciprocal method The costs of purchasing the 65,000 litres of unprocessed goat milk and processing it up to the splitoff point to yield a total of 58,500 litres of salable product was $72,240. There were no inventory balances of either product.
Condensed goat milk may be processed further to yield 19,500 litres (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $3 per usable litre. Xyla can be sold for $18 per litre.
Skim goat milk can be processed further to yield 28,100 litres of skim goat ice cream, for an additional processing cost per usable litre of $2.50. The product can be sold for $9 per litre.
There are no beginning and ending inventory balances.
-Which method of allocating costs would be used if the selling prices of all products at the splitoff point are unavailable?


Definitions:

Stress Level

The degree or intensity of stress an individual is experiencing, which can impact both physical and mental health.

Employee Performance

A measure of how well an employee fulfills their job duties and executes tasks.

Individual Differences

Pertains to the variations or distinctions in the characteristics, traits, or behavior patterns among individuals.

Stress And Performance

Refers to the relationship between stress levels and performance output, suggesting that a moderate level of stress can enhance performance, while too much or too little stress can impede it.

Related Questions