Answer the Following Questions Using the Information Below

question 90

Multiple Choice

Answer the following questions using the information below:
The Berkel Corporation manufactures Widgets, Gizmos, and Turnbols from a joint process. June production is 5,000 widgets; 8,750 gizmos; and 10,000 turnbols. Respective per unit selling prices at splitoff are $75, $50, and $25. Joint costs up to the splitoff point are $187,500.
-What amount of joint costs will be allocated to the Gizmos?

• A) $44,118
• B) $30,882
• C) $77,206
• D) $66,176

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Definitions:

Capital Equipment

Long-term assets used in the production of goods and services, such as machinery, buildings, and vehicles.

Industrially Advanced Economies

Countries characterized by high levels of industrialization, sophisticated infrastructure, and substantial Gross Domestic Product (GDP) per capita.

Hourly Pay

The rate of compensation an individual receives for one hour of work.

U.S. Dollar Terms

Financial transactions or valuations denoted in the currency of the United States, the US dollar (USD).