Reference no: EM132953915
Problem 1: The stage in the joint process where the separate products become identifiable is called as:
a) Net realizable value
b) Constant gross margin
c) Production process
d) Split-off point
Problem 2: The final sales value of a particular product is $250,000 and separable cost is $110,000. The net realizable value of the product will be:
a) $250,000
b) $140,000
c) $110,000
d) $360,000
Problem 3: A company has two products, product X and product Y. The pounds produced for X and Y are 18,000 and 12,000 respectively. The joint costs of processing the 30,000 pounds of products were $100,000. Using the physical volume method, the allocation of the joint costs to each product will be:
a) $60,000 for X and $ 40,000 for Y
b) $50,000 for X and $ 50,000 for Y
c) $80,000 for X and $ 20,000 for Y
d) $30,000 for X and $ 70,000 for Y
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Write a balanced chemical equation for the production
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