9) ABC Co., produces two products through a single manufacturing process. Each batch of product results in 400 pounds of product X and 600 pounds of product Y. The process requires materials, labor, and manufacturing overhead costing $50,000 per batch. X sells for $30 per pound, whereas Y sells for $20 per pound. Using the relative sales value approach of allocating joint production costs would result in an allocation to product Xof 6.66 Points $30,000 $40,000 $25,000 $10,000 10) Lion Corp.computes its budgeted factory-overhead rate in the machining department based on the number of machine hours estimated for the year. In 2011, 30.000 machine hours were expected for the production of the company's products using $150,000 budgeted overhead. The budgeted overhead rate for machining was _ 6.66 Points $7.00/m.h. $6.00/m.h. $3.00/m.h. $5.00/m.h. 11) In regard to all of the identified cost drivers for overhead, 20% of the identified cost drivers cause what percentage of total overhead cost? 6.66 Points none of these 65% 80% 95% 50%