Homework Answers
| Total sales value at split-off point | 700000 | =420000+280000 |
| Joint cost of product M1 | 240000 | =400000*420000/700000 |
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Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product,...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product,...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows: PRODUCTS X Y Z TOTAL Units produced 21,000 21,000 10,500 52,500 Joint costs ? ? ? $ 267,000 Sales value at split-off $ 315,000 $ 157,500 $ 10,500 $ 483,000 Joint costs were allocated using the net realizable value method at the split-off point. The...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product,...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows: PRODUCTS X Y Z TOTAL Units produced 34,000 34,000 17,000 85,000 Joint costs ? ? ? $ 332,000 Sales value at split-off $ 510,000 $ 255,000 $ 17,000 $ 782,000 Joint costs were allocated using the net realizable value method at the split-off point. The...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product,...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows: Units produced Joint costs Sales value at split-off X 29,000 ? $ 435,000 PRODUCTS Y 29,000 ? $217,500 Z 14,500 ? $14,500 TOTAL 72,500 $307,000 $667,000 Joint costs were allocated using the net realizable value method at the split-off point. The joint costs allocated to...
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 $490,000. The sales value at split-off was $530,000 for 5,800 units of product A1 and $170,000 for 2,700 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.) Joint cost of product A1
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.)
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint...
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information follows. Units Product Produced KA 83,000 58,100 KC 24,900 If Processed Further Sales Value at Split-off Sales Values Additional Costs $272,000 $320,000 $54,000 238,000 280,000 42,000 170,000 220,000 33,000 KB Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product...
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...
Tango Company produces joint products M, N, and I from a joint process. This information concerns...
Tango Company produces joint products M, N, and I from a joint process. This information concerns a batch produced in April at a joint cost of $155,000: Product Units Produced and Sold 13,500 7,500 T 8,500 After Split-off Total Separable Costs Total Final Sales Value $ 10,000 $195,000 15,900 175,000 6,100 32,000 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final...
Profit from Processing Further Deaton Corporation manufactures products A, B, and from a joint process. Joint...
Profit from Processing Further Deaton Corporation manufactures products A, B, and from a joint process. Joint costs are allocated on the basis of relative sales value of the products at the split-off point. Additional information for Deaton Corporation follows: Total Units produced 12,000 8,000 4,000 24,000 Joint costs $144,000 $60,000 $36,000 $240,000 Sales value before additional processing 240,000 100,000 60,000 400,000 Additional costs for further processing 28,000 20,000 12,000 60,000 Sales value if processed further 280,000 120,000 70,000 470,000 ....
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...
Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows: Units produced Joint costs Sales value at split-off X 29,000 ? $ 435,000 PRODUCTS Y 29,000 ? $217,500 Z 14,500 ? $14,500 TOTAL 72,500 $307,000 $667,000 Joint costs were allocated using the net realizable value method at the split-off point. The joint costs allocated to...
Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $490,000. The sales value at split-off was $530,000 for 5,800 units of product A1 and $170,000 for 2,700 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.) Joint cost of product A1
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information follows. Units Product Produced KA 83,000 58,100 KC 24,900 If Processed Further Sales Value at Split-off Sales Values Additional Costs $272,000 $320,000 $54,000 238,000 280,000 42,000 170,000 220,000 33,000 KB Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product...
Tango Company produces joint products M, N, and I from a joint process. This information concerns a batch produced in April at a joint cost of $155,000: Product Units Produced and Sold 13,500 7,500 T 8,500 After Split-off Total Separable Costs Total Final Sales Value $ 10,000 $195,000 15,900 175,000 6,100 32,000 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final...
Profit from Processing Further Deaton Corporation manufactures products A, B, and from a joint process. Joint costs are allocated on the basis of relative sales value of the products at the split-off point. Additional information for Deaton Corporation follows: Total Units produced 12,000 8,000 4,000 24,000 Joint costs $144,000 $60,000 $36,000 $240,000 Sales value before additional processing 240,000 100,000 60,000 400,000 Additional costs for further processing 28,000 20,000 12,000 60,000 Sales value if processed further 280,000 120,000 70,000 470,000 ....
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