A company produces two joint products (called 301 and 302) in a single operation that uses one raw material called Fruge. Four hundred gallons of Fruge were purchased at a cost of $800 and were used to produce 150 gallons of Product 301, selling for $5 per gallon, and 75 gallons of Product 302, selling for $15 per gallon. How much of the $800 cost should be allocated to each product, assuming that the company allocates cost based on sales revenue?
What will be an ideal response?
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You are conducting a formative evaluation and investigated four dimensions. Since you are conducting a formative evaluation, you do not draw any conclusions; you rather describe the results obtained from the data collection instruments you used (e.g., the average score of survey data, a summary of interview data, checklists completed).
a. True b. False
A request typically begins by stating and justifying the requested deadline
Indicate whether the statement is true or false
A demand matching strategy in which production is geared toward producing whatever amount of goods are needed to meet demand is a ______.
a. level strategy b. product strategy c. chase strategy d. mixed strategy
EOQ should be used if you follow a make-to-stock strategy and the item has relatively stable demand
Indicate whether the statement is true or false