Vreeland,Inc

question 43

Multiple Choice

Vreeland,Inc. ,manufactures products X,Y,and Z from a common process.Joint costs were $60,000.Additional information is as follows: Assuming that joint production costs are allocated using the physical quantities method (units produced) ,what were the costs allocated to Product X?

• A)$27,000.
• B)$29,000.
• C)$33,000.
• D)$30,000.

---

Definitions:

Bond Payable

A long-term debt instrument issued by a company, promising to pay the holder a specified amount of interest over a set period and to repay the principal on the bond's maturity date.

Long-Term

Referring to assets, liabilities, or investments that are expected to be held or mature in more than one year.

Interest-Bearing Note

A promissory note that comes with the agreement to pay the holder a fixed amount of interest over a specified period until the principal amount is repaid.