1) SPY Company processes 30,000 gallons of direct materials to produce two products, Product X and Product Y. Product X, the byproduct, sells for $2 per gallon and Product Y, the main product, sells for $50 per gallon. The following information is for August: Production Sales Begin Inventory Ending Inventory Product X (in gallons): 6,000 4,000 0 2,000 Product Y (in gallons): 24,000 24,000 125 125 The manufacturing costs totaled $30,000. How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of production?

Group of answer choices

$0

$8,000

$12,000

$4,000

None of the choices

2) Some organizations allocate support department costs to I. Provide managers incentives for efficient production of operating services II. Provide managers incentives for appropriate and effective use of support services III. Monitor managers costs in providing support services

Group of answer choices

I and III only

II and III only

I and II only

I, II, and III

3) TSLA Industries provides the following information about departmental consumption of allocation bases for its 3 support and 2 operating departments: Support Departments Operating Departments Personnel Cafeteria Maintenance Machining Assembly Direct Costs: $32,000 $20,000 $20,000 Services Provided By: Personnel 10% 20% 30% 40% Cafeteria 10% 10% 40% 40% Maintenance 10% 20% 50% 20% For the reciprocal method, what proportion of Personnel costs will be allocated to the Machining Department?

Group of answer choices

20%

30%

28.6%

42.9%

none of the answers