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Great Falls Company makes two products, Wool Gloves and Wool Mittens. They are initially processed from the same raw material and then, after split-off, further processed separately. Additional information is as follows: Final Sales Price Joint Costs Prior to Split-Off Point Costs Beyond Split-Off Point Gloves $ 12,300 ? $ 4,100 Mittens $9,630 ? $4,100 Total $ 21,930 $ 8,238 $ 8, 200 What are the joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach? B. c. D. Gloves $4, 119 $4,480 $ 4,920 $5,080 Mittens $4,119 $3,758 $3,318 $3,158 Multiple Choice Option A O Option B Option Option D Which of the following is not an example of an external failure cost? Multiple Choice Accepting company liability resulting from product failure. Experiencing decreasing sales as a result of poor quality products. Repairing or replacing defective products after they've been sold. Testing products in use at the customer's site. Which of the following statements regarding the trade-off between conformance and nonconformance costs is(are) false? (A) There is an inverse relationship between the amount spent on conformance costs and the level of quality achieved. (B) There is an inverse relationship between the amount spent on nonconformance costs and the level of quality achieved. Multiple Choice Only A is false. Only B is false. Both of these are false. Neither of these is false

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