Answer the Following Question(s)using the Information Below

question 39

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: 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.
-The constant gross margin percentage NRV method of joint cost allocation

• A)involves allocating costs in such a way that maintaining the same gross margin percentage for each product that was obtained in prior years.
• B)involves allocating costs in such a way that the overall gross margin percentage is identical for the individual products.
• C)is the same as the estimated NRV method.
• D)is the same as the sales value at splitoff method.
• E)will result in different gross margins for each product.

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Definitions:

Sensitivity To High-Frequency Sounds

The ability or capacity of the auditory system to detect sounds at higher pitches, which can vary among individuals.

Physical Changes

Alterations in the physical state or properties of a substance or organism, usually observable.

Adults

People who have reached the age of maturity, typically associated with the completion of physical growth and the assumption of societal roles of responsibility.

30s

Likely refers to the decade of life from age 30 to 39, which can be significant in terms of career, family, and personal development, though it's not a standard psychological key-term without further context.