RKH Corporation Produces Three Joint Products

question 125

Multiple Choice

RKH Corporation produces three joint products. During a recent accounting period, joint costs totalled $365 and RKH had no beginning inventories. Additional data appear below: M1 M2 M3
Volume (kilograms) 150 50 300
Sales value at the split-off point $375 $155 $600
Sales value after further processing $450 $200 $900
Separable costs $50 $35 $100
Using the constant gross margin NRV method, the total joint costs allocated to the three products will be:

• A)$0
• B)$185
• C)$365
• D)$550

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Definitions:

Strepsirhines

A suborder of primates that includes lemurs and lorises, characterized by traits like a wet nose and large eyes for nocturnal activity.

Haplorhines

A suborder of primates that includes tarsiers, monkeys, and apes, distinguished by their dry noses.

Primatologists

Scientists who study primates, including apes, monkeys, and lemurs, focusing on their behavior, social structures, and evolution.

Nonhuman Primates

Members of the primate order excluding humans, including monkeys, apes, and lemurs, characterized by various degrees of resemblance to humans.