Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs...
Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales value at split-off. Processing 6,500 gallons of product A and 1,300 gallons of product B to the split-off point costs $6,100. The sales value at split-off is $2.40 per gallon for product A and $28.00 per gallon for product B. Product B requires additional separable processing beyond the split-off point at a cost of $2.70 per gallon before it...
Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales value at split-off. Processing 5,500 gallons of product A and 1,000 gallons of product B to the split-off point costs $6,400. The sales value at split-off is $3.00 per gallon for product A and $38.50 for product B. Product B requires an additional separable process beyond split-off at a cost of $3.00 per gallon before it can be sold....
31. Garage Specialty Corporation manufactures joint products P and Q. During a recent period, joint costs amounted to $105,000 in the production of 46,000 gallons of P and 81,000 gallons of Q. Garage can sell P and Q at split-off for $2.40 per gallon and $4.60 per gallon, respectively. Alternatively, both products can be processed beyond the split-off point, as follows: P Q Separable processing costs $39,000 $59,000 Sales price (per gallon) if processed beyond split-off $3 $5 The...
Sell or Process Further Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $375,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B С Selling Price $25 per pound $19 per pound...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $375,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 25.00 per pound 14,000 pounds B $ 19.00 per...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $375,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Quarterly Output 14,000 pounds 21,800 pounds 5,200 gallons Product Selling Price 25.00 per pound $19.00 per...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $330,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: ProductSelling PriceQuarterly OutputA$16.00 per pound12,200 poundsB$10.00 per pound19,100 poundsC$22.00 per gallon3,400 gallonsEach product can be processed further after...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $365,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price $ 23.00 per pound $ 17.00 per pound $ 29.00 per gallon Quarterly...
Gusler company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $98,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price Quarterly Output A $ 3 per pound 10,000 pounds B $ 6 per pound 22,000 pounds C...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $93,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price S3 per pound $ 4 per pound S8 per gallon Quarterly Output 17,000 pounds 22.000 pounds 8.000...