A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $120,000, and the following quantities of product and sales revenues were produced.ProductPounds Price per PoundFeed100,000 $0.70 Flour50,000 2.20 Starch20,000 1.00 How much of the $120,000 cost should be allocated to feed if the value basis is used?
A. $12,250.
B. $42,000.
C. $45,000.
D. $100,000.
E. $70,000.
Answer: B
You might also like to view...
Quinton tells a story about how it took him three hours to vote in the most recent elections due to lines and exit polls. Scotty believes him because he had a similar experience in the past. Scotty is utilizing ______.
A. narrative rationality B. narrative coherence C. narrative fidelity D. narrative preemption
A share development index (SDI) equal to 35 means that the maximum market share a business can attain is 35 percent
Indicate whether the statement is true or false
Which of the following would LEAST likely be an indicator of a company's values and principles?
What positive perception do employers typically have of older employees?
A. enthusiastic towards new technology B. open to change C. strong work ethic D. flexible and adaptable