Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows.
| DBB-1 | DBB-2 | DBB-3 | Total | |||||||||
| Units Sold | 14,000 | 22,000 | 30,000 | 66,000 | ||||||||
| Price (after addt’l processing) | $ | 30 | $ | 15 | $ | 40 | ||||||
| Separable Processing cost | $ | 441,000 | $ | 180,000 | $ | 263,000 | $ | 884,000 | ||||
| Units Produced | 14,000 | 22,000 | 30,000 | 66,000 | ||||||||
| Total Joint Cost | $ | 4,100,000 | ||||||||||
| Sales Price at Split-off | $ | 5 | $ | 15 | $ | 35 | ||||||
The amount of joint costs allocated to product DBB-1 using the physical measure method is (calculate all ratios and percentages to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):
Multiple Choice
-
$16,275.
-
$869,610.
-
$1,863,450.
-
$14,760.
-
$1,366,530.
Homework Answers
Percentage = 14000/66000 = 21.21%
Joint cost allocated to product DBB-1 = Joint cost* percentage share
= 4100000*21.21%
Joint cost allocated to product DBB-1 = 869610
So answer is b) $869610
Add Answer to:
Marin Products produces three products — DBB-1, DBB-2, and DBB-3
from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 14,000 23,000 30,000 67,000 Price (after addt’l processing) $ 75 $ 60 $ 85 Separable Processing cost $...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 16,000 24,000 36,000 76,000 Price (after addt’l processing) $ 65 $ 50 $ 75 Separable Processing cost $...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 17,000 26,000 38,000 81,000 Price (after addt’l processing) $ 25 $ 10 $ 35 Separable Processing cost $...
13) Garrison Co. produces three products - X, Y, and Z-from a joint process. Each product...
13) Garrison Co. produces three products - X, Y, and Z-from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at If...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $122,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $138,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at...
The Marshall Company has a joint production process that produces two joint products and a by-product....
The Marshall Company has a joint production process that
produces two joint products and a by-product. The joint products
are Ying and Yang, and the by-product is Bit. Marshall accounts for
the costs of its products using the net realizable value method.
The two joint products are processed beyond the split-off point,
incurring separable processing costs. There is a $2,000 disposal
cost for the by-product. A summary of a recent month’s activity at
Marshall is shown below: Ying Yang Bit...
The Marshall Company has a joint production process that produces two joint products and a by-product....
The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below: Units sold...
The following information relates to a joint production process for three products, with a total joint...
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000...
The following information relates to a joint production process for three products, with a total joint...
The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 130,000 240 2 50,000 960 3 20,000 1,200 $ 200,000 2,400 Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000...
13) Garrison Co. produces three products - X, Y, and Z-from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at If...
The Marshall Company has a joint production process that
produces two joint products and a by-product. The joint products
are Ying and Yang, and the by-product is Bit. Marshall accounts for
the costs of its products using the net realizable value method.
The two joint products are processed beyond the split-off point,
incurring separable processing costs. There is a $2,000 disposal
cost for the by-product. A summary of a recent month’s activity at
Marshall is shown below: Ying Yang Bit...
The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below: Units sold...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 5 minutes ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 1 hour ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 2 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 2 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 6 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 6 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 6 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 6 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 6 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 6 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 6 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 6 hours ago