Homework Answers
| Joint costs allocated | |
| C1RT | $148,867 ($893,200*6,000/36,000) |
| E4GH | $446,600 ($893,200*18,000/36,000) |
| E7TY | $74,433 ($893,200*3,000/36,000) |
| G98Q | $223,300 ($893,200*9,000/36,000) |
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Boissons Company produces four solvents from the same process: C1RT, E4GH, E7TY, and G98Q. Joint product...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 C Selling Price $ 21.00 per pound $ 15.00 per pound $ 27.00...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 $ 21.00 per pound $ 15.00 per pound $ 27.00 per gallon Quarterly...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 $ 21.00 per pound 13,200 pounds B $ 15.00 per...
The Marshall Company has a joint production process that produces two joint products and a by-product....
The Marshall Company has a joint production process that
produces two joint products and a by-product. The joint products
are Ying and Yang, and the by-product is Bit. Marshall accounts for
the costs of its products using the net realizable value method.
The two joint products are processed beyond the split-off point,
incurring separable processing costs. There is a $2,000 disposal
cost for the by-product. A summary of a recent month’s activity at
Marshall is shown below: Ying Yang Bit...
Benjamin Company produces products C, J, and R from a joint production process. Each product may...
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The Marshall Company has a joint production process that produces two joint products and a by-product....
The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below: Units sold...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 C Selling Price $ 21.00 per pound $ 15.00 per pound $ 27.00...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 17,000 26,000 38,000 81,000 Price (after addt’l processing) $ 25 $ 10 $ 35 Separable Processing cost $...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product...
Marin Products produces three products — DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Marin's production, sales, and costs follows. DBB-1 DBB-2 DBB-3 Total Units Sold 16,000 24,000 36,000 76,000 Price (after addt’l processing) $ 65 $ 50 $ 75 Separable Processing cost $...
Bowen Company makes two products from a joint production process. Each product may be sold at...
Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further. Information concerning these products appears below: Product X Product Y Allocated joint costs .................... $25,000 $18,000 Sales value after further processing ..... $47,000 $41,000 Sales value at the split-off point ....... $28,000 $23,000 Additional processing costs .............. $16,000 $17,000 Assume Bowen chooses to process Product X further and then sell it rather than sell Product X at the...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 C Selling Price $ 21.00 per pound $ 15.00 per pound $ 27.00...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 $ 21.00 per pound $ 15.00 per pound $ 27.00 per gallon Quarterly...
The Marshall Company has a joint production process that
produces two joint products and a by-product. The joint products
are Ying and Yang, and the by-product is Bit. Marshall accounts for
the costs of its products using the net realizable value method.
The two joint products are processed beyond the split-off point,
incurring separable processing costs. There is a $2,000 disposal
cost for the by-product. A summary of a recent month’s activity at
Marshall is shown below: Ying Yang Bit...
The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below: Units sold...
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 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 C Selling Price $ 21.00 per pound $ 15.00 per pound $ 27.00...
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