Question

18 & 19 (Joint Cost Allocation Physical Units Method) Blakes Blacksmith Co, produces two types of shotguns, a 12-gauge and 2
perfecta Accent Price Chapter 10 19. The amount of joint production costs allowed to the 20- A. 51.600 B. $2,000 C. $2.400 D.
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Please give positive ratings so I can keep answering. Thanks!
Answer 18 & 19 Note
Number of 12 gauge manufactured           30.00 A
Number of 20 gauge manufactured           20.00 B
Total units manufactured           50.00 C=A+B
Joint costs      4,000.00 D
Cost per unit           80.00 E=D/C
Joint costs allocated to 12 gauge      2,400.00 F=E*A Answer C
Joint costs allocated to 20 gauge      1,600.00 G=E*B Answer A
Answer 20
Sell Price           13.00 H
Variable cost per unit             7.50 I
Contribution margin per unit             5.50 J=H-I
Units sold      3,000.00 K
Total Contribution margin 16,500.00 L=J*K Answer C
Add a comment
Know the answer?
Add Answer to:
18 & 19 (Joint Cost Allocation Physical Units Method) Blake's Blacksmith Co, produces two types of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Joint Cost Allocation—Physical Units Method Blake’s Blacksmith Co. produces two types of shotguns, a 12-gauge and...

    Joint Cost Allocation—Physical Units Method Blake’s Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The shotguns are made through a joint production process that ultimately produces 35 12-gauge shotguns and 15 20-gauge shotguns and costs a total of $3,900 per batch. After the split-off point, each type of shotgun goes through an additional crafting process before it is sold. The additional production process of the 12-gauge shotgun costs $35 per gun, after which it is sold for...

  • 3. Support Department Cost Allocation—Reciprocal Services Method Brewster Toymakers Inc. produces toys for children. The toys...

    3. Support Department Cost Allocation—Reciprocal Services Method Brewster Toymakers Inc. produces toys for children. The toys are produced in the Molding and Assembly departments. The Janitorial and Security departments support the production of the toys. Costs from the Janitorial Department are allocated based on square feet. Costs from the Security Department are allocated based on asset value. Relevant department information is provided in the following table: Janitorial Department Security Department Molding Department Assembly Department Square feet 600    3,600    3,600    1,800   ...

  • 1. Joint Cost Allocation—Physical Units Method Board-It, Inc., produces the following types of 2 × 4...

    1. Joint Cost Allocation—Physical Units Method Board-It, Inc., produces the following types of 2 × 4 × 10 wood boards: washed, stained, and pressure treated. These products are produced jointly until they are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards. The joint production process costs a total of $710 per batch. Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places. Joint...

  • Joint Cost Allocation—Weighted Average Method Gary’s Grooves Co. produces two types of carving knives, one with...

    Joint Cost Allocation—Weighted Average Method Gary’s Grooves Co. produces two types of carving knives, one with a handle made of a polymer that looks like walnut wood and another with a handle made with a polymer that looks like red oak. The knives are made through a joint production molding process that produces 330 knife blades for red oak handle knives and 220 knife blades for walnut handle knives at the split-off point. The polymer for the red oak handle...

  • Joint Cost Allocation - Physical Units Method Big Al's Inc. produces and sells various cuts of...

    Joint Cost Allocation - Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including sirloin, ribeye, and T- bone. The cuts of steak are produced jointly until Big Alls cattle are butchered. Big Al estimates that, at the split-off point, 10 cows yield 99 pounds of sirloin cuts, 55 pounds of ribeye cuts, and 66 pounds of T-bone cuts. Given Big Alls estimate that the joint cost of producing 10 cows' worth of steak cuts is...

  • Joint Cost Allocation—Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including...

    Joint Cost Allocation—Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including sirloin, ribeye, and T-bone. The cuts of steak are produced jointly until Big Al's cattle are butchered. Big Al estimates that, at the split-off point, 10 cows yield 99 pounds of sirloin cuts, 55 pounds of ribeye cuts, and 66 pounds of T-bone cuts. Given Big Al's estimate that the joint cost of producing 10 cows' worth of steak cuts is $1,500, use the...

  • Joint Cost Allocation-Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including...

    Joint Cost Allocation-Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including sirloin, ribeye, and T- bone. The cuts of steak are produced jointly until Big Al's cattle are butchered. Big Al estimates that, at the split-off point, 10 cows yield 99 pounds of sirloin cuts, 55 pounds of ribeye cuts, and 66 pounds of T-bone cuts. Given Big Alls estimate that the joint cost of producing 10 cows' worth of steak cuts is $1,500, use...

  • oint Cost Allocation—Weighted Average Method Gary’s Grooves Co. produces two types of carving knives, one with...

    oint Cost Allocation—Weighted Average Method Gary’s Grooves Co. produces two types of carving knives, one with a handle made of a polymer that looks like walnut wood and another with a handle made with a polymer that looks like red oak. The knives are made through a joint production molding process that produces 344 knife blades for red oak handle knives and 172 knife blades for walnut handle knives at the split-off point. The polymer for the red oak handle...

  • 1. Joint Cost Allocation—Market Value at Split-off Method Man O’Fort Inc. produces two different styles of...

    1. Joint Cost Allocation—Market Value at Split-off Method Man O’Fort Inc. produces two different styles of door handles, standard and curved. The door handles go through a joint production molding process costing $28,000 per batch and producing 2,000 standard door handles and 1,000 curved door handles at the split-off point. Both door handles undergo additional production processes after the split-off point, but could be sold at that point: the standard style for $2 per door handle and the curved style...

  • The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint...

    The Stenback Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $144,000 per batch of output. Each batch totals 40,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $0.90 per litre; turpentine, $0.60 per litre. Methanol sells for $6.30 per litre; turpentine sells for $4.20 per litre Required Requirement 1. How much joint costs per batch should be...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT