Quiz 14

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A company uses the weighted average method to assign joint products.

Weight factors used to assign joint


costs to its three joint products were: Product A, 4 points; Product B, 7 points; and Product C,
8 points. Units produced were: Product A, 10,000; Product B, 5,000; and Product C, 3,125.
The amount of the joint costs of $100,000 that would be allocated to Product C are:
A. $42,105
B. $17,241
C. $25,000
D. $30,000
E. none of the above
torCollection Class Modify the application you created in Programming Challenge 4 so it uses a
collection instead of an array to hold the Motor class objects. When the application ends,
it should save the contents of the collection to a sequential... The Hovart Corporation
manufactures two products out of a joint processCCompod and Ultrasene. The joint (common)
costs incurred are $250,000 for a standard production run that generates 120,000 gallons of
Compod and 80,000 gallons of Ultrasene. Compod sells for $2.00 per gallon, while Ultrasene
sells for $3.25 per gallon. If there are no additional processing costs incurred after the split-off
point, the amount of joint cost of each production run allocated to Compod by the quantitative
unit method is:
A. $100,000
B. $120,000
C. $130,000
D. $150,000
E. some amount other than those given above

The Hovart Corporation manufactures two products out of a joint processCCompod and Ultrasene. The joint
(common) costs incurred are $250,000 for a standard production run that generates 120,000
gallons of Compod and 80,000 gallons of Ultrasene. Compod sells for $2.00 per gallon, while
Ultrasene sells for $3.25 per gallon. If there are no additional processing costs incurred after
the split-off point, the amount of joint cost of each production run allocated to Compod by the
quantitative unit method is:
A. $100,000
B. $120,000
C. $130,000
D. $150,000
E. some amount other than those given above
Gyro Products transferred 10,000 units to one department. An additional 3,000 units of materials were
added in the department. At the end of the month, 7,000 units were transferred to finished
goods; while 4,000 units remained in work in process inventory. There was no beginning
inventory, and lost units were a result of normal production shrinkage. The production costs for
the period in this department would be effectively allocated over:
A. 12,000 units
B. 11,000 units
C. 10,000 units
D. 7,000 units
E. 13,000 units

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