Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are...
Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows:
| X | Y | Z | Total | ||||||||||||||||
| Units produced | 15,000 | 11,000 | 7,000 | 33,000 | |||||||||||||||
| Allocated joint costs | $ | 172,020 | $ | 109,800 | $ | 85,400 | $ | 367,220 | |||||||||||
| Sales value at split-off | ? | 180,000 | 140,000 | 602,000 | |||||||||||||||
| Additional costs for further processing | 41,000 | 33,000 | 24,000 | 98,000 | |||||||||||||||
| Sales value if processed further | 373,000 | 198,000 | 158,000 | 729,000 | |||||||||||||||
Product X’s sales value at the split-off point is:
Multiple Choice
-
$248,000.
-
$77,000.
-
$282,000.
-
$150,500.
-
$175,000.
Homework Answers
| Answer |
| Option C is correct : $ 282,000 |
| Explanation |
| Product X’s sales value at the split-off point is: |
| Total $ 602000 - Product Y’s sales value at the split-off point $ 180000 - Product Z’s sales value at the split-off point $ 140,000 = $ 282,000 |
| Therefore |
| Correct option is C : 282,000 |
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