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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)
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 is Product X's approximate production cost per unit using the physical volume method? A) $0.10 B) $10.23 C) $53.15 D) $55.00 E) $102.63 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 is Product X's approximate production cost per unit using the physical volume method?

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Definitions:

Biological Perspective

An approach to psychology focusing on the physiological causes of behavior and the impact of genetics and biological processes.

Interrelations

The way in which two or more things or phenomena are related or connected to each other.

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgement, and memory.

Positive Psychology

A branch of psychology that focuses on the study and enhancement of positive human functioning, happiness, well-being, and flourishing.

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