Use the Information Below to Answer the Following Question(s)

question 107

Multiple Choice

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.
-In rate regulation settings, which method is usually preferred over the sales value method?

• A)constant gross margin percentage NRV method
• B)estimated net realizable method
• C)physical measure method
• D)sales value at splitoff method
• E)rate regulation method

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Definitions:

Multilingual Audience

A group of people composed of individuals who speak multiple languages, requiring communication to be understandable to all.

Communication Skills

The ability to effectively convey or exchange information, feelings, and ideas to others through speech, writing, or other forms.

Workplace Diversity

The inclusion of a wide range of differences among employees in an organization, including race, gender, ethnicity, age, sexual orientation, and cultural background.

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A predisposition or a tendency to respond positively or negatively towards a certain idea, object, person, or situation.