1- A company manufactures three products (A, B, and C) using a joint process. Joint costs are allocated to these products using the net realizable value method. The company is considering whether to further process product C or sell it without additional processing. The relevant costs for the decision are the

• A.Variable costs of product C.
• B. Joint costs allocated to product C.
• C.Total costs of product C.
• D. Incremental costs of further processing product C.

2-

Safari File Edit View History Bookmarks Window Help 83% [4 A Mon Nov 16 8:37 PM Q DE E gleim.com Apple iCloud Yahoo Google Bing Facebook V Wikipedia Twitter Linkedin The Weather Channel Help Yelp TripAdvisor Netflix YouTube Gleim Assessment Quiz Course Hero Fact Pattern: The vice president for Sales of Huber Corporation has received the income statement for November. The statement has been prepared on the variable costing basis and is reproduced below. The firm has just adopted a variable costing system for internal reporting purposes. The controller attached the following notes to the statements: The unit sales price for November averaged $24. The standard unit manufacturing costs for the month were Variable cost $12 Fixed OH cost Total cost $16 The unit rate for fixed manufacturing costs is a predetermined rate based upon a normal monthly production of 150,000 units. Production for November was 45,000 units in excess of sales. The inventory at November 30 consisted of 80,000 units. Huber Corporation Income Statement For the Month of November ($000 omitted) Sales $ 2,400 Minus: Variable standard COGS (1,200) ufacturing margin $ 1,200 Minus: Fixed manufacturing costs it budget $600 Fixed manufacturing cost budget variance (600) Gross margin $ 600 Minus: Fixed selling and administrative costs (400) Net income before taxes $ 200 How many units were produced during November? O A. 100,000 . 145,000 O C. 150,000 OD. 80,000 45 16 ... 4 TAXNOW