GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 300,000 units of tips having a sales value at the split-off point of $66,000. It produced 300,000 units of stems having a sales value at split-off of $44,000. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $63,000.
Required:
Compute the total joint product costs before allocation. (Do not round intermediate calculations.)
GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 300,000 units of tips having a sales value at the split-off point of $66,000. It produced 300,000 units of stems having a sales value at split-off of $44,000. Usi
player.meducation.com Homepage - DSC-304-04-05 Production Connect -Class: Noland ACC 308 Fall 2019 MHE Reader a A 6 Euclid Corporation processes a patented chemical, P-I, and produces two outputs, P.11 and 12. In August, the costs to process PI are $144,000 for materials and $288.000 for conversion costs. P-11 has a sales value of $640,000 and P-12 has a sales value of $160,000. Required Using the net realizable value method, assign costs to P11 and P-12 for August. 11-44. Estimated Net...
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $63,000 Direct labor 30,000 Overhead 25,000 At the split-off point, a batch yields 1,600 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $22 per unit, plicene sells for $29 per unit, and corsol sells for...
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.)
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.)
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
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
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, 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...