Answer the Following Question(s)using the Information Below

question 30

Multiple Choice

Answer the following question(s) using the information below.The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr.DirtOut and Mr.SinkClean, are produced and sold.There was no beginning inventory.The following material was collected for the month of January: The cost of purchasing 250,000 litres of direct materials and processing it up to the splitoff point to yield a total of 242,500 litres of good product was $380,000.
-What are the physical volume proportions to allocate joint costs for Mr.DirtOut and Mr.SinkClean, respectively?

• A)59.00% and 41.00%
• B)60.82% and 39.18%
• C)39.18% and 60.82%
• D)59.79% and 40.21%
• E)41.00% and 59.00%

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Definitions:

Annulment

A court decree that invalidates (nullifies) a marriage. Although the marriage itself is deemed non-existent, children of a marriage that is annulled are deemed legitimate.

Terminated

Ended or concluded, often used in the context of employment to indicate that a worker's job position has been ended by the employer.

Notary Public

A public official authorized to witness the signing of legal documents and administer oaths, to help prevent fraud.

Bigamy

The act of entering into marriage with one person while still legally married to another.