Answer the Following Question(s)using the Information Below

question 10

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.
-When using a physical volume measure, what is the approximate amount of joint costs that will be allocated to Mr.DirtOut and Mr.SinkClean?

• A)$231,116 and $148,884
• B)$224,200 and $155,800
• C)$227,202 and $152,798
• D)$155,800 and $224,200
• E)$148,884 and $231,116

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Definitions:

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