Cariboo Manufacturing Company incurred a joint cost of $759,000 in the production of X and Y...
Cariboo Manufacturing
Company incurred a joint cost of $759,000 in the production of X
and Y in a joint process. Presently, 2,500 of X and 2,100 of Y are
being produced each month. Management plans to decrease X's
production by 650 units in order to increase the production of Y by
920 units. Additionally, this change will require minor
modifications, which will add $51,520 to the joint cost. This cost
is entirely attributable to product Y. What is the amount of the
joint costs allocable to X and Y before changes to existing
production assuming Cariboo allocates their joint costs according
to the proportion of X and Y produced?
| Product X | Product Y | |||||
| A. | $ | 346,500 | $ | 412,500 | ||
| B. | $ | 339,706 | $ | 419,924 | ||
| C. | $ | 348,529 | $ | 410,471 | ||
| D. | $ | 412,500 | $ | 346,500 | ||
Homework Answers
Total Unit produced before changes = 2500+2100 = 4600
Join Cost allocation = Join Cost/Total Unit produced*Unit produced product X
Product X = 759000*2500/4600 = 412500
Product Y = 759000*2100/4600 = 346500
So answer is d)
Add Answer to:
Cariboo Manufacturing
Company incurred a joint cost of $759,000 in the production of X
and Y...
Tanner Corporation produced 4,270 units, consisting of three separate products, in a joint process for the...
Tanner Corporation produced 4,270 units, consisting of three separate products, in a joint process for the year. The market for these products was so unstable that it was not practical to estimate the selling price of the products. A cost of $471,000 was incurred in the joint process. Product X's production was 80% of product Y's while product Z's production was 125% of product Y's. What is the amount of the joint cost allocable to product X (rounded to the...
enner Company produces products X, Y, and Z from a joint production process. ay be sold...
enner Company produces products X, Y, and Z from a joint production process. ay be sold at the split-off point or processed further. Joint production costs of $132,372 per Each product year are allocated to the products based on the relative number of units produced. Data for Benner Company's operations for last year follow: Additional sales values and costs if processed further Sales values Added costs 50,922 $19,875 Units Sales values at split-off $82,625 $60,250 $31,502 Product Produced 3,000 6,000...
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...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each...
Garrison Co. produces three products — X, Y, and Z — 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. Last year all three products were processed beyond split-off. Joint production costs for the year were $122,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at...
Garrison Co. produces three products — X, Y, and Z — from a joint process. Each...
Garrison Co. produces three products — X, Y, and Z — 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. Last year all three products were processed beyond split-off. Joint production costs for the year were $138,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at...
The joint cost (in dollars) for two products is given by C(x, y) = 47 +...
The joint cost (in dollars) for two products is given by C(x, y) = 47 + x2 + 3y + 2xy where x represents the quantity of product x produced and y represents the quantity of product Y produced, (a) Find the marginal cost with respect to x if 6 units of product X and 10 units of product Y are produced. Interpret your answer. If x remains at 6, the expected change in cost for an 11th unit of...
13) Garrison Co. produces three products - X, Y, and Z-from a joint process. Each product...
13) Garrison Co. produces three products - X, Y, and Z-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. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at If...
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...
Joint Product Costing
The Bean Company provides fresh coffee beans for restaurants, hotels, and other food service companies. Bean offers three types of coffee beans: Premium, Gourmet, and Quality. Each of the three coffees is produced in a joint process in which beans are cleaned and sorted. The sorting process is the split-off point in this joint process, and the output is the three types of beans. The beans can be sold at the split-off point or processed further, with different types of...
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...
enner Company produces products X, Y, and Z from a joint production process. ay be sold at the split-off point or processed further. Joint production costs of $132,372 per Each product year are allocated to the products based on the relative number of units produced. Data for Benner Company's operations for last year follow: Additional sales values and costs if processed further Sales values Added costs 50,922 $19,875 Units Sales values at split-off $82,625 $60,250 $31,502 Product Produced 3,000 6,000...
The joint cost (in dollars) for two products is given by C(x, y) = 47 + x2 + 3y + 2xy where x represents the quantity of product x produced and y represents the quantity of product Y produced, (a) Find the marginal cost with respect to x if 6 units of product X and 10 units of product Y are produced. Interpret your answer. If x remains at 6, the expected change in cost for an 11th unit of...
13) Garrison Co. produces three products - X, Y, and Z-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. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow. Units Sales Value at If...
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...
Most questions answered within 3 hours.
-
How can having too little or too much of a certain
protein cause problems for an...
asked 1 hour ago -
Assume a muscle has a PCSA = 20 cm2 and Lo = 12 cm. Assume it...
asked 2 hours ago -
What is the yield to maturity of a ten-year, $1,000 bond with a
5.2% coupon rate...
asked 3 hours ago -
A mass m = 5 kg is tied on one end of a rope and is...
asked 3 hours ago -
The Average sales price of single-family houses in Charlotte is
$210,000 with a standard deviation of...
asked 3 hours ago -
Target Costing
Laser Impressions, Inc., manufactures color laser printers.
Model J20 presently sells for $225 and...
asked 3 hours ago -
a bottle cap manufacturer with four machines and six operators
wants to see if variation in...
asked 4 hours ago -
State Farm Insurance studies show that in Colorado, 55% of the
auto insurance claims submitted for...
asked 5 hours ago -
Complete the following reactions which form ethers (A
and B) and cyclic ethers (C-E) as major...
asked 5 hours ago -
in a perfectly elastic collision what is the velocity of ball A
if the original direction...
asked 6 hours ago -
PLEASE ANSWER ALL
1) The pressure of the atmosphere decreases with increasing
altitude in the
Choose...
asked 6 hours ago -
A simple random sample of 25,000 individuals are surveyed in
order to determine the prevalence of...
asked 6 hours ago