Use the information below to answer the following question(s) .Chem Manufacturing Company processes direct materials up to the splitoff point, where two products (X and Y) are obtained and sold.The following information was collected for the month of November.Direct materials processed:
10,000 litres (10,000 litres yield 9,500 litres of good product and 500 litres of shrinkage)
The cost of purchasing 10,000 litres of direct materials and processing it up to the splitoff point to yield a total of 9,500 litres of good products was $975,000.The beginning inventories totalled 50 litres for X and 25 litres for Y.Ending inventory amounts reflected 300 litres of product X and 525 litres of product Y.October costs were per unit were the same as November.
-What are the respective physical volume proportions for products X and Y?
Definitions:
Driving While Impaired
The act of operating a vehicle under the influence of alcohol, drugs, or other substances that impair cognitive and motor skills.
Occupiers' Liability Act
Legislation that defines the duty of care owed by individuals or entities that control premises towards those who enter them.
Legal Duty
An obligation arising from law that requires an individual or entity to conform to a standard of conduct.
Prudent Person
An individual who exercises caution and good judgment when making decisions, often used as a standard for legal and financial decisions.
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