Answer the Following Questions Using the Information Below:
Netzone Company $\text { Direct materials processed: } 200 \mathrm{kgs} \text { (Both standard and premium chips weigh } 10 \text { grams each) }$

question 71

Multiple Choice

Answer the following questions using the information below:
Netzone Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips, Standard and Premium. The following information was collected for last quarter of the calendar year:
$\text { Direct materials processed: } 200 \mathrm{kgs} \text { (Both standard and premium chips weigh } 10 \text { grams each) }$
$\begin{array}{lll}\text { Production: } & \text { Standard } & 10,000 \text { chips } \\& \text { Premium } & 6,500 \text { chips } \\\text { Sales: } & \text { Standard } & 9,500 \text { at } \$ 100 \text { per chip } \\& \text { Premium } & 6,000 \text { at } \$ 170 \text { per chip }\end{array}$ The cost of purchasing 200 kgs of direct materials and processing it up to the splitoff point to yield a total of 16,500 chips of good products was $1,950,000.
Beginning inventories totalled 100 chips for Standard and 50 chips for Premium. Ending inventory amounts reflected 100 chips of Standard and 50 chips of Premium. October costs per unit were the same as November.
-When using a physical-volume measure,what is the approximate amount of joint costs that will be allocated Premium chips?

• A) $768,182
• B) $1,170,000
• C) $975,000
• D) $780,000

---

Definitions:

Scope of Unionization

Refers to the extent to which workers in various sectors or regions are organized into and represented by unions.

Soul of Union

The core principles, values, and spirit that guide a labor union's operations and its approach to advocating for workers' rights.

Union Representation

The act of labor unions acting as intermediaries between their members and management, negotiating labor contracts, and advocating for workers' rights.

Craft Unionism

A labor movement approach focusing on organizing workers in specific trades or crafts rather than in a single industry or factory.