When allocating joint costs, Feinberg calculates the final sales value of the various products manufactured and subtracts appropriate separable costs. The company is using the:
A. reciprocal-accounting method.
B. physical-units method.
C. net-realizable-value method.
D. gross margin at split-off method.
E. relative-sales-value method.
Answer: C
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The breakeven point is the point at which
A) fixed costs equal variable costs. B) total revenues equal total costs. C) sales equal variable costs. D) fixed costs equal sales.
Answer the following statements true (T) or false (F)
Flexibility applies to situations in which there are relevant circumstances and more than one possible accounting method exists.
Which of the following is a sentence fragment?
A) When you submit your timesheet, remember to sign it. B) Because the value of the dollar has fallen in recent years. C) We believe that the new marketing campaign caused an increase in sales.
Use the information in Table 13.5. If a facility were to be located at (15,15), what would be the load-distance score? (Assume rectilinear distance.)
A) less than or equal to 5000 B) more than 5000 but less than or equal to 5200 C) more than 5200 but less than or equal to 5400 D) more than 5400