True or False questions

19) 19) Which of the following is true of the physical-measure approach of allocating joint costs? A) Physical measures usually result in less costs being allocated to the product that weighs the most. B) The physical measure reflects a product's ability to generate revenues. C) Costs cannot be allocated if the measurement basis for each product are different D) Obtaining comparable physical measures for all products is always straightforward. 20) Which of the following factors would NOT be one of the reasons why the sales value at the split-off 20) would be used to allocate joint costs? A) It helps determine manager compensation and performance evaluation B) it provides a common allocation basis C) the sales value method is a good measure of benefits received D) it is a method that is independent of further processing decisions 21) 21) When a single manufacturing process yields two products, one of which has a relatively high sales value compared to the other, the two products are respectively known as A) joint products and scrap B) main products and byproducts C) joint products and byproducts D) main products and joint products ) 22) 22) Netzone Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips, Standard and Premium. The following information was collected for last quarter of the calendar year: Direct materials processed: 400 kgs (Both standard and premium chips weigh 20 grams each) Production: Standard 10,000 chips Premium 6800 chips Sales: Standard 9700 at $110 per chip Premium 6200 at $190 per chip The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 16,800 chips of good products was $1,950,000. Beginning inventories totalled 140 chips for Standard and 90 chips for Premium. Ending inventory amounts reflected 140 chips of Standard and 90 chips of Premium. October costs per unit were the same as November. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated Standard chips? (Round intermediary percentages to the nearest hundredth.) A) $975,000 B) $1,226,415 C) $1,160,640 D) $1,189,623