17. All of the following are characteristics of a production report except:

		the number of units completed during the period.
		the costs incurred by the department during the period.
		the number of units in ending work-in-process and the estimated stage of completion.
		the number of units in the beginning work in process.

20. Budde Chemicals produces two industrial chemical compounds, X15 and Z24, from the same process, which last year, cost $300,000. Budde produced 10,000 gallons of X15, which sells for $40 per gallon and 40,000 gallons of Z24, which sells for $20 per gallon. Using the relative sales method, how much of the joint cost should be allocated to X15?

Note: In calculating your answer, if you round your % of sales number to a whole % with no decimals (example 24%), your final answer will match exactly one of the four choices below.

		$99,000
		$200,000
		$60,000
		$75,000

23. Which of the following is most likely to be accounted for as a by-product?

		Heating oil resulting from processing crude oil at a refinery.
		Cream resulting from processing raw milk at a dairy.
		Sawdust resulting from processing lumber at a lumber mill.
		Ground beef resulting from processing beef at a meat packer.

25. In a process cost system, a cost object is usually a:

a. Specific product

b. job

c. department

d.employee