Homework Answers
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Joint cost of product A1 = 490,000 * [530,000/(530,000+170,000)] = 490,000 * 530,000/700,000 = 371,000 |
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Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $490,000....
Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $310,000....
Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $310,000. The sales value at split-off was $480,000 for 5,300 units of product A1 and $160,000 for 2,200 units of product A2. Required: Assuming that total joint costs are allocated using the net realizable value at split-off approach, what amount of the joint costs was allocated to product A1? (Do not round intermediate calculations.)
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The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $189,000. Additional information follows. Units Product Produced 84,000 KB 60,000 KC 24,000 If Processed Further Sales Additional Values Costs $330,000 $54,000 270,000 42,000 240,000 30,000 Sales Value at Split-Off $ 240,000 210,000 150,000 KA Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA...
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