Hatchett Inc.produces joint products L,M,and N from a joint process.Information concerning a batch produced in May at a joint cost of $75,000 was as follows:
The amount of joint costs allocated to product M using the net realizable value 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):
A)$3,614.
B)$11,250.
C)$40,312.
D)$33,434.
E)$37,952.

Question

Hatchett Inc.produces joint products L,M,and N from a joint process.Information concerning a batch produced in May at a joint cost of $75,000 was as follows: 
The amount of joint costs allocated to product M using the net realizable value 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):
A)$3,614. 
B)$11,250. 
C)$40,312. 
D)$33,434. 
E)$37,952.

Quizplus · Accepted Answer

The Answer of Hatchett Inc.produces joint products L,M,and N from a joint process.Information concerning a batch produced in May at a joint cost of $75,000 was as follows: 
The amount of joint costs allocated to product M using the net realizable value 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):
A)$3,614. 
B)$11,250. 
C)$40,312. 
D)$33,434. 
E)$37,952.