Solved

Answer the Following Questions Using the Information Below

Question 10

Multiple Choice

Answer the following questions using the information below:
The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January:
Answer the following questions using the information below: The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: The cost of purchasing 250,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 242,500 gallons of good product was $760,000. -When using the physical-volume method, what is Mr. DirtOut's approximate production cost per unit? A) $3.02 B) $3.08 C) $3.14 D) $3.22 Answer the following questions using the information below: The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: The cost of purchasing 250,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 242,500 gallons of good product was $760,000. -When using the physical-volume method, what is Mr. DirtOut's approximate production cost per unit? A) $3.02 B) $3.08 C) $3.14 D) $3.22 Answer the following questions using the information below: The Oxnard Corporation processes a liquid component up to the splitoff point where two products, Mr. DirtOut and Mr. SinkClean, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: The cost of purchasing 250,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 242,500 gallons of good product was $760,000. -When using the physical-volume method, what is Mr. DirtOut's approximate production cost per unit? A) $3.02 B) $3.08 C) $3.14 D) $3.22 The cost of purchasing 250,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 242,500 gallons of good product was $760,000.
-When using the physical-volume method, what is Mr. DirtOut's approximate production cost per unit?


A) $3.02
B) $3.08
C) $3.14
D) $3.22

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: When a product is the result of

Q5: Beverage Drink Company processes direct materials up

Q6: Answer the following questions using the information

Q7: Calamata Corporation processes a single material into

Q8: An example of a market-based approach to

Q9: Separable costs are incurred beyond the splitoff

Q13: The sales value at splitoff method is

Q14: Which of the following is a reason

Q73: The constant gross-margin percentage NRV method allocates

Q119: The net realizable value method _.<br>A) allocates