Zenon Chemical,Inc Required:
Determine the Amount of Joint Cost Allocated to Each

question 115

Essay

Zenon Chemical,Inc.,processes pine rosin into three products: turpentine,paint thinner,and spot remover.During May,the joint costs of processing were $240,000.Production and sales value information for the month is as follows:
$$\begin{array} { | l | c | c | } \hline \text { Product } & \text { Units Produced } & \begin{array} { c } \text { Sales Value at } \\\text { Splitoff Point }\end{array} \\\hline \text { Turpentine } & 15,000 \text { liters } & \$ 120,000 \\\hline \text { Paint thinner } & 15,000 \text { liters } & 100,000 \\\hline \text { Spot remover } & 7,500 \text { liters } & 50,000 \\\hline\end{array}$$ Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.

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Definitions:

Objective Tests

Tests designed to measure an individual's performance without subjective judgment, often featuring standardized questions and answer choices.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud that aims to explore unconscious desires and conflicts as they manifest in behavior and mental disorders.

TAT

Thematic Apperception Test, a projective psychological test used to reveal a person's social drives or needs by their interpretation of a series of pictures of ambiguous scenes.

MMPI-2

The Minnesota Multiphasic Personality Inventory-2, a widely used standardized psychometric test of adult personality and psychopathology.