Homework Answers
Solution 1:
| Computation of Joint cost Allocated | ||||
| Product | NRV at split off point | Allocation Ratio | Joint Cost | Allocated Joint Cost |
| W-10 | 384000 | 34.7826% | $5,18,880 | $1,80,480 |
| W-20 | 330000 | 29.8913% | $5,18,880 | $1,55,100 |
| W-30 | 222000 | 20.1087% | $5,18,880 | $1,04,340 |
| W-40 | 168000 | 15.2174% | $5,18,880 | $78,960 |
| Total | 1104000 | $5,18,880 | ||
Solution 2:
| Computation of Joint cost Allocated | ||||
| Product | Physical Units | Allocation Ratio | Joint Cost | Allocated Joint Cost |
| W-10 | 46200 | 35.00% | $3,96,000 | $1,38,600 |
| W-20 | 33000 | 25.00% | $3,96,000 | $99,000 |
| W-30 | 26400 | 20.00% | $3,96,000 | $79,200 |
| W-40 | 26400 | 20.00% | $3,96,000 | $79,200 |
| Total | 132000 | $3,96,000 | ||
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Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Units Produced Sales Value at Product W-10 W-20 W-30 W-40 Split-Off $ 352,000 302,000 202,000 152,000 Additional Costs $ 37,800 30,200 20,200 12,600 Sales Values $ 384,000 352,000 252,000 168,000 58,800 42,000 33,600 33,600 168,000 $1,008,000 $100,800 $1,156,000 Required: Assuming that total joint costs of $352,800 were allocated using the sales value at split-off (net realizable value...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. If Processed Further Product Units Produced Sales Value at Split-Off Additional Costs Sales Values W-10 53,200 $ 316,000 $ 34,100 $ 346,000 W-20 38,000 272,000 27,200 316,000 W-30 30,400 184,000 18,400 228,000 W-40 30,400 140,000 11,400 152,000 152,000 $ 912,000 $ 91,100 $ 1,042,000 Required: Assuming that total joint costs of $410,400 were allocated using the physical quantities method, what...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Units Sales Value at Product Produced Split-Off Additional Costs Sales Values W-10 60,200 $ 360,000 $ 38,700 $ 393,000 W-20 43,000 309,000 30.900 360,000 W-30 34,400 207,000 20,700 258,000 W-40 34.400 156,000 12,900 172,000 172,000 $1,032,000 $103,200 $1,183,000 Required: Assuming that total joint costs of $381,840 were allocated using the sales value at split-off (net realizable value...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10 W-20 W-30 W-40 Units Produced 44,800 32,000 25,600 25,600 128.000 Sales Value at Split-Off $268,000 230,000 154,000 116,000 $768,000 Additional Costs $ 28,700 23,000 15,400 9,600 $ 76,700 Sales Values $ 292,000 268,000 192,000 128,000 $ 880,000 Required: Assuming that total joint costs of $268,800 were allocated using the sales value at split-off (net realizable...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Costs Sales Values W-10 61,600 $ 368,000 $ 39,600 $ 402,000 W-20 44,000 316,000 31,600 368,000 W-30 35,200 212,000 21,200 264,000 W-40 35,200 160,000 13,200 176,000 176,000 $ 1,056,000 $ 105,600 $ 1,210,000 Required: Assuming that total joint costs of $443,520 were allocated using the physical quantities method, what...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. If Processed Further Units Sales Value Product Produced at Split-Off Additional Costs Sales Values W-10 60,200 $ 360,000 $ 38,700 $ 393,000 W-20 43,000 309,000 30,900 360,000 W-30 34,400 207,000 20,700 258,000 W-40 34,400 156,000 12,900 172,000 172,000 $1,032,000 $103,200 $1,183,000 Required: Assuming that total joint costs of $381,840 were allocated using the physical quantities method, what joint costs were...
Deming & Sons manufactures four grades of lubricant, W-10. W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant, W-10. W-20, W-30, and W-40, from a joint process. Additional Information follows. IF Processed Further Product W-10 W-29 W-30 W-40 Units Produced 56,200 40.000 32.ee 32,600 160.000 Sales Value at Split-Off $336,00 288,000 192,00 144.883 Additional Costs $36,000 28,888 19,200 12,888 $96.000 Sales Values $ 366.888 336, eee 240.000 160,000 $1,102,888 $960,000 Required: Assuming that total Joint costs of $384.000 were allocated using the physical quantities method, what Joint costs were allocated...
Deming & Sons manufactures four grades of lubricant, W-10, W-20. W-30, and follows. If Processed Further...
Deming & Sons manufactures four grades of lubricant, W-10, W-20. W-30, and follows. If Processed Further Sales Value at Split-OFF $268.00 Sales Values Units Produced 44.800 32. Be 25,600 Product W-10 W-20 W-30 W-40 Additional Costs 326, 708 23,808 15. 188 268,888 115 93 128,eee $768,899 $15.70 $ 880 Required: Assuming that tota joint costs of $268.800 were allocated using the physica qu each product? Do not round Intermedlate calculations.) Product Joint Costs Allocated
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Costs Sales Values W-10 56
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed FurtherProductUnits ProducedSales Value at Split-OffAdditional CostsSales ValuesW-1056,000$336,000$36,000$366,000W-2040,000288,00028,800336,000W-3032,000192,00019,200240,000W-4032,000144,00012,000160,000160,000$960,000$96,000$1,102,000 Required:Assuming that total joint costs of $384,000 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.)
Deming & Sons manufactures four grades of lubricant W-10 W-20, W-30, and W-40, from a joint...
Deming & Sons manufactures four grades of lubricant W-10 W-20, W-30, and W-40, from a joint process. Additional information follow Units Product W-10 Produced W-20 Sales Valuat Sols 3 3 360.000 31.000 212.000 01.000 44000 35.200 W-30 Additional Costs 31.000 Sales Vues W-40 178.000 1.050.000 13200 204.000 5106 800 3 1210.000 Required: Assuming that total costs of $443 520 were located in the phy Product WO cated each produce condimente calculation) W References Book & Resou
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Units Produced Sales Value at Product W-10 W-20 W-30 W-40 Split-Off $ 352,000 302,000 202,000 152,000 Additional Costs $ 37,800 30,200 20,200 12,600 Sales Values $ 384,000 352,000 252,000 168,000 58,800 42,000 33,600 33,600 168,000 $1,008,000 $100,800 $1,156,000 Required: Assuming that total joint costs of $352,800 were allocated using the sales value at split-off (net realizable value...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Units Sales Value at Product Produced Split-Off Additional Costs Sales Values W-10 60,200 $ 360,000 $ 38,700 $ 393,000 W-20 43,000 309,000 30.900 360,000 W-30 34,400 207,000 20,700 258,000 W-40 34.400 156,000 12,900 172,000 172,000 $1,032,000 $103,200 $1,183,000 Required: Assuming that total joint costs of $381,840 were allocated using the sales value at split-off (net realizable value...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10 W-20 W-30 W-40 Units Produced 44,800 32,000 25,600 25,600 128.000 Sales Value at Split-Off $268,000 230,000 154,000 116,000 $768,000 Additional Costs $ 28,700 23,000 15,400 9,600 $ 76,700 Sales Values $ 292,000 268,000 192,000 128,000 $ 880,000 Required: Assuming that total joint costs of $268,800 were allocated using the sales value at split-off (net realizable...
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. If Processed Further Units Sales Value Product Produced at Split-Off Additional Costs Sales Values W-10 60,200 $ 360,000 $ 38,700 $ 393,000 W-20 43,000 309,000 30,900 360,000 W-30 34,400 207,000 20,700 258,000 W-40 34,400 156,000 12,900 172,000 172,000 $1,032,000 $103,200 $1,183,000 Required: Assuming that total joint costs of $381,840 were allocated using the physical quantities method, what joint costs were...
Deming & Sons manufactures four grades of lubricant, W-10. W-20, W-30, and W-40, from a joint process. Additional Information follows. IF Processed Further Product W-10 W-29 W-30 W-40 Units Produced 56,200 40.000 32.ee 32,600 160.000 Sales Value at Split-Off $336,00 288,000 192,00 144.883 Additional Costs $36,000 28,888 19,200 12,888 $96.000 Sales Values $ 366.888 336, eee 240.000 160,000 $1,102,888 $960,000 Required: Assuming that total Joint costs of $384.000 were allocated using the physical quantities method, what Joint costs were allocated...
Deming & Sons manufactures four grades of lubricant, W-10, W-20. W-30, and follows. If Processed Further Sales Value at Split-OFF $268.00 Sales Values Units Produced 44.800 32. Be 25,600 Product W-10 W-20 W-30 W-40 Additional Costs 326, 708 23,808 15. 188 268,888 115 93 128,eee $768,899 $15.70 $ 880 Required: Assuming that tota joint costs of $268.800 were allocated using the physica qu each product? Do not round Intermedlate calculations.) Product Joint Costs Allocated
Deming & Sons manufactures four grades of lubricant W-10 W-20, W-30, and W-40, from a joint process. Additional information follow Units Product W-10 Produced W-20 Sales Valuat Sols 3 3 360.000 31.000 212.000 01.000 44000 35.200 W-30 Additional Costs 31.000 Sales Vues W-40 178.000 1.050.000 13200 204.000 5106 800 3 1210.000 Required: Assuming that total costs of $443 520 were located in the phy Product WO cated each produce condimente calculation) W References Book & Resou
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