RKH Corporation Produces Three Joint Products

question 54

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 joint costs allocated to M1 will be:

• A)$290
• B)$160
• C)$110
• D)$50

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Definitions:

Sexism

Prejudice or discrimination based on a person's sex or gender, often resulting in unequal opportunities and treatment.

Heteronormativity

The belief or assumption that heterosexual orientations and relationships are the norm, often excluding or devaluing queer identities and relationships.

Androgyny

A combination of masculine and feminine traits or a non-traditional gender expression.

Gender Variation

Gender variation refers to the differences in gender identity, expression, and roles within and across cultures and individuals.