upQuiz2 - In making decisions about whether to sell or...

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In making decisions about whether to sell or further process joint products, allocation of common or joint costs is: Answer S C)Irrelevant. Question 2 2 out of 2 points The objectives of cost allocation are to: Answer Selected Answer: Question 3 2 out of 2 points Relative sales value at split-off is used to allocate: Cost Beyond Answer Selected Answer: D Question 4 2 out of 2 points Russell Co. produces three products — U, V,
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and W — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $70,000. Sales values and costs needed to evaluate Russell's production policy follow. The amount of joint costs allocated to product W using the physical measure method is (calculate all ratios and
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percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Answer Selected Answer: $14,000. Question 5 2 out of 2 points Hartwicke Manufacturing Company has two service departments — product design and engineering support, and two production departments — assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: The direct operating costs of the departments (including both
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variable and fixed costs) were as follows: Design $120,000. Engineering Support $240,000. Assembly $660,000. Finishing $870,000. The total cost accumulated in the finishing department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Answer Selected Answer: $1,055,000. Question 6 2 out of 2 points The mathematical technique that underlies the reciprocal cost allocation method is: Answer Selected Answer: Question 7
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2 out of 2 points Marin Products produces three products — DBB- 1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. The amount of joint costs allocated to product DBB-2 using the sales value at split-off method is (calculate all ratios and
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percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Answer Selected Answer: $939,130. Question 8 2 out of 2 points If a budgeted activity base is used as the base in cost allocation, each department's cost allocation will be predictable, and not influenced by the: Answer Selected Answer: Question 9 2 out of 2 points Hatchett Inc.
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